SKIM MILK POWDER (SMP): Skim milk powder pr icing
gently firmed at each end of the price range. The market overall was
calm, both domestic and global. Many manufacturers are already in
the summer holiday season. Most current purchasing is for internal
EU consumption and often for use later in the year. SMP production
in the EU January-April this year is up 13.4% from the same period
last year, according to Eucolait.
1.25% BUTTERFAT: 1,875 - 2,025
SKIM MILK POWDER (SMP): Skim milk powder prices increased at
each end of the price range. There is buyer interest in acquiring SMP
but decent inventory levels to meet demand, which is tempering upward
price pressure. At GDT Event 167 on June 15, SMP prices increased
8.5% for the August contract and 2.6% for all contracts. All
contract periods recorded a positive percentage increase. SMP production
in Australia January-April 2016 is 8.8% above the same period of
last year according to Dairy Australia. However, April 2016 production
is 11.6% below April last year.
1.25% BUTTERFAT: 1,900 - 1,950
SKIM MILK POWDER (SMP): Skim milk powder pr icinggently firmed at each end of the price range. The market overall wascalm, both domestic and global. Many manufacturers are already inthe summer holiday season. Most current purchasing is for internalEU consumption and often for use later in the year. SMP productionin the EU January-April this year is up 13.4% from the same periodlast year, according to Eucolait.1.25% BUTTERFAT: 1,875 - 2,025SKIM MILK POWDER (SMP): Skim milk powder prices increased ateach end of the price range. There is buyer interest in acquiring SMPbut decent inventory levels to meet demand, which is tempering upwardprice pressure. At GDT Event 167 on June 15, SMP prices increased8.5% for the August contract and 2.6% for all contracts. Allcontract periods recorded a positive percentage increase. SMP productionin Australia January-April 2016 is 8.8% above the same period oflast year according to Dairy Australia. However, April 2016 productionis 11.6% below April last year. 1.25% BUTTERFAT: 1,900 - 1,950
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