MD_DA106

     Skim Milk Powder - Europe

     Report 43 - Released on October 22, 2020


     The Western European skim milk powder price range is steady at the bottom but slightly lower
     at the top. The highest SMP prices are noted in Belgium, followed by Germany, France, and
     Netherlands. Prices received by a number of plants are higher than two weeks ago.

     Demand is said to be gathering momentum, even if mostly focused on short term needs. It is
     spot markets showing price strength. Contracting for the longer-term future is more
     tentative. Much of current sales activity is moving to customers in the EU. Export interest
     is slower. Looking ahead, while milk production is nearing the seasonal low, that is normal.
     SMP production schedules are in the normal range for this time of year. The market has
     accounted for the pacing of milk production and SMP production. Activity moving forward is
     not expected to generate many surprises.


     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,500 - 2,675


     Information for the period October 12 - 23, 2020, issued biweekly

     Secondary Sourced Information:


     EU SMP exports January � August 2020, 587,000 MT, decreased 14.6 percent from January �
     August 2019 according to CLAL data made available to USDA.

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

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov