European Dairy Market Summary

MADISON - Jun 6/13 - 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:
Western European milk production is mostly steady with some
areas being affected by adverse weather conditions.  Flooding
and wet conditions are common over some areas of Europe seeing
the most severe issues.   Early indications are that the impact
is minimal to the dairy sector.  Wet conditions at the farms in
these areas are preventing pasturing of stock and the cropping.
Some transportation issues are noted in the collection of farm
milk and the subsequent delivery of dairy products.  Milk
production has likely peaked for the season in Germany.  Output
is currently noted higher than year ago volumes in Germany,
Holland and Denmark. Milk volumes are lower than year ago levels
in France, U.K., and Ireland.  Dairy product pricing levels are
mostly stable with only slight adjustments recorded.  The
stronger Euro factored in some price gains.  The Private Storage
Assistance (PSA) butter stocks at the end of May are over 46,000
MT, compared to nearly 80,000 MT a year ago.
EASTERN OVERVIEW: Eastern European milk production levels are
trending slightly higher as seasonal gains are registered.
Volumes vary across countries.  Flooding was also common over
Eastern Europe, most notable in the Czech Republic.  Dairy
products are trading along expected volumes with buyers more
active in seeking future needs.  Milk production is reported
higher than year ago levels in Poland.
0930c Butch.Speth@ams.usda.gov 608.278.4152

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STAT News Service