MD_DA107

     Whole Milk Powder - Europe

     Report 29 - Released on July 18, 2019

     Whole milk powder prices in Europe are lower. Not many buyers within Europe are shopping for
     spot market WMP. Most needs are covered by existing contracts through Q3.

     The EU typically must work to compete with Oceania for the export market. Even so, there are
     some discussions underway for exports generally having the status of more talk than action
     at this time.

     WMP production in the EU during 2019 may be at a lower level than during 2018. Not many
     manufacturers are talking about plans to increase production. The EU industry is
     historically more focused on internal WMP sales than export sales. Once expected internal
     demand is satisfied, plus a cushion that could be exported, the EU dairy industry sees
     better uses of milk in other products.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,075 - 3,325


     Information for the period July 8 - 19, 2019, issued biweekly

     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