European Dairy Market Summary

MADISON - Nov 12/15 - SNS -- Dairy market conditions in western and eastern Europe were reviewed in the latest report on the sector released by the USDA today.

WESTERN AND EASTERN EUROPE
WESTERN OVERVIEW: Milk production in Western Europe is trending steady
to slightly higher, moving off the seasonal low point. Compared to
year ago volumes, gains in milk production are higher for most
countries. The move off the quota system is being credited as
producers are not worried about being charged with levies against
additional milk. The current milk prices are not yet restricting the
milk flow. Following a hot and dry summer, some areas are more
affected by feed and hay quality and availability. This is expected to
impact future milk production costs and milk supplies. Dairy product
prices are lower this fortnight for butter, SMP, WMP and whey.  The
implications of adequate E.U. supplies and competition from declining
world pricing is impacting sales from the E.U. Buyers have become more
reluctant to extend purchases.
EASTERN OVERVIEW:
Milk production is steady to marginally higher. Recent statistics show
Poland lagging year ago levels, but now seeing slight gains on year
ago volumes. Trends are mixed in other countries. There are adequate
milk supplies for manufacturing.
0930c Butch.Speth@ams.usda.gov 608.557.7001
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home

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STAT News Service