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