Skim Milk Powder - Europe
MD_DA106

     Skim Milk Powder - Europe

     Report 19 - Released on May 13, 2021


     The Western European skim milk powder price range increased at each end. Prices at each end
     set a new 2021 record high. Prices were up in many primary SMP producing countries such as
     Germany, France, and Netherlands. Internal EU demand is strong, as is export demand.

     The Rhine River route flowing from Switzerland through France, Germany and Netherlands to
     Rotterdam and the North Sea remains busy moving SMP into export and between those Western
     European countries. Sources affirm that the Port of Rotterdam has mostly gotten back to
     normal operations following the Suez Canal closing a few weeks ago.

     Orders for scheduled Western European SMP production in coming months are already
     significant. Discussion of possible new orders is very active. Deals are regularly closed.
     Demand is called lively. Global food and industrial customers for food grade SMP are said to
     be very interested in locking in supply commitments.

     Relatively higher Oceania SMP prices, as the season there nears the end, is causing more
     focus on sourcing in Western Europe, where milk production is near the seasonal peak.
     Manufacturers continue to field inquiries about spot sales, as well as contracting for Q3
     and Q4 2021. The Western European SMP market is called persistently firm.





     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   3,075 - 3,200


     Information for the period May 3 - 14, 2021, 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