MD_DA107

     Whole Milk Powder - Europe

     Report 1 - Released on January 03, 2019

     Whole milk powder prices in Europe are steady. Sales and contracting activity is at a low
     level this time of year.

     The end of 2018 is a good time to review relative to the last five years. Pricing this
     period is well below the 2018 range high price. The 2018 high price is in the middle of high
     pricing for each of the last five years. The 2018 low range price is the highest during the
     last five years.

     Information showing the annual low and high price recorded in the Dairy Market News bi-
     weekly international price series is displayed for each of the last five years.

     WESTERN EUROPE WMP
     U.S. dollars per metric ton
     F.O.B. port*

     Year      Price Range
     2014     2,575 - 5,300
     2015     1,850 - 3,400
     2016     1,900 - 3,375
     2017     2,800 - 4,000
     2018     2,900 - 3,550

     *Dairy Market News bi-weekly price series

      Contracting for Q1 2019 internal EU sales is underway. Buyers are comforted by relatively
     stable WMP prices in recent periods. That had led to a slower contracting pace than with
     some other dairy products. Export sales remain challenging because European pricing tends to
     be higher than in Oceania. Some export sales are expected in coming weeks, but overall
     activity is likely to be restrained. That situation is typical. Most WMP manufacturers in
     the EU mostly focus on internal EU markets.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,000 - 3,175


     Information for the period December 24, 2018 -  January 4, 2019, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home