MD_DA106

     Skim Milk Powder - Europe

     Report 25 - Released on June 23, 2022

     Both ends of the price range for European skim milk powder (SMP) moved lower this week.
     Contacts report that sales of SMP are mixed. Some German SMP producers say that purchasers
     are only buying loads when needed, though contract purchasing is steady within the country.
     A few spot sellers are offering loads of SMP at discounted prices to clear holdings ahead of
     any potential downturn in demand in the coming months. Export demand for SMP is down
     compared to this time last year, as contacts note less interest from purchasers in China.
     Milk output is declining and is contributing to reduced SMP production. Inventories of SMP
     are available but remain in good balance with demand.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   4,075 - 4,575


     Information for the period June 13 - 24, 2022, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@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