Skim Milk Powder - Europe

     Skim Milk Powder - Europe

     Report 37 - Released on September 12, 2019

     Skim milk powder prices are higher. Available SMP stocks are considered lower than
     desirable. This has driven more buying interest. Inquiries from customers are up, both
     internal EU, as well as export. EU SMP is competitive globally and this is drawing increased
     export interest.

     Most current SMP production in Western Europe is already committed to contract sales.
     Production during 2019 has been particularly strong in France, which is now a top tier EU
     producer. Very little current production is available for spot sales from manufacturers.

     Seasonally declining EU milk production is also on the minds of buyers. That factor, on top
     of tighter current SMP availability, is a reality checkpoint in price negotiations.

     Buyers are taking contract deliveries on time. Most manufacturers can also deliver on time.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,350 - 2,475

     Information for the period September 2 - 13, 2019, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590

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