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
Skim Milk Powder - Europe