MD_DA106

     Skim Milk Powder - Europe

     Report 11 - Released on March 16, 2023

     European skim milk powder (SMP) prices again moved lower during the last few weeks.
     Following a brief lift in prices at the end of February, demand has slowed, allowing prices
     to settle lower again. What was once a slightly bullish sentiment has turned now slightly
     bearish. Industry sources say buyers have reduced their purchasing activity because their
     near-term needs are filled, and as long as milk supplies remain sufficient for most
     processing needs, the urgency to assure coverage for later in the year is also subdued. SMP
     supplies are readily available, and with ample milk supplies, SMP production is active.


     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,575 - 2,900


     Information for the period March 6 - 17, 2023, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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