MD_DA107

     Whole Milk Powder - Europe

     Report 47 - Released on November 22, 2022

     European whole milk powder (WMP) prices are unchanged. Industry sources say market demand is
     weak, and WMP sales activity is quiet outside of contracts. WMP production is largely
     directed to filling current contract obligations. While WMP stocks are in good balance, a
     few manufacturers are offering loads priced near the bottom of the price range to try to
     clear inventories before the end of the year.


     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     4,300 - 4,875


     Information for the period November 14 - 25, 2022, issued biweekly

     Secondary Sourced Information:

     EU WMP Production
     According to CLAL data made available to USDA, EU September WMP production is estimated at
     51,869 MT, a decrease of 9.7 percent from September 2021. EU WMP production January -
     September 2022 is estimated at 509,451 MT, a decrease of 11.0 percent from January -
     September 2021. Among some of the leading European WMP producing countries, the January -
     September 2022 quantity and percentage change compared with January - September 2021 are
     Germany, 190,721 MT, -12.8 percent; France, 92,060, -2.3 percent; and Netherlands, 72,100
     MT, -25.4 percent.

     YTD European WMP Exports
     WMP exports from the EU27 January - September 2022, 192,000 MT, decreased 19.2 percent from
     January - September 2021 according to CLAL data made available to USDA. Main destinations
     January - September 2022, quantity, and percent change from January - September 2021 are
     Oman, 42,084 MT, +18.15 percent; China, 16,392 MT, -8.58 percent; and United Kingdom,
     12,492 MT, -9.47 percent.


     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