Skim milk powder prices moved lower again this
period. Market activity has slowed, compared to recent weeks, as many
buyers have adequate supplies to cover their near term needs.
Predominate buyer sentiment is to take a wait and see attitude, limit
purchases to immediate needs and ascertain market conditions in April
when production schedules are expected to expand. The weak euro,
compared to the U.S. dollar, has prompted some new buyer interest, but
resulting sales have been of relatively low volumes. The market
undertone is unsettled going into the non-quota season. PSA stock
levels through March 8 amounted to 17,546 MT.