European Dairy Market Summary

MADISON - Feb 5/15 - 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:
Western European milk production increases have slowed compared to year ago
levels, primarily due to over quota producers reducing milk flows to reduce
levee payments.  Available supplies of butter, SMP and WMP are relatively
tight.  Winter weather conditions have been typical and have not influenced
milk production, positively or negatively.  The Euro exchange rate continues
to weaken, making European dairy products more competitively priced on the
world market.  Estat - Newcronos reported EU-28 January to November milk
deliveries are 5.1% higher than the same period in 2013.  Various member
states showed the following January to November increases compared to last
year: Germany, 3.9%; France, 6.2%; UK, 8.8%; Belgium, 7.2%; Italy, 4.7%; and
Ireland, 5.0%.  January-November milk delivery data showed increases for all
countries in Western Europe with the exception of Greece -4.8%.
EASTERN OVERVIEW:
Eastern Europe milk production continues to build with production increases
especially noteworthy in Poland and the Baltic States.  European milk
deliveries for January-November reported by Estat - Newcronos, showed the
following year over year changes for selected countries: Poland,+7.1%;
Lithuania, +7.4%; Latvia, +10.0%; Estonia, +6.8%; and the Czech Republic,
+1.1%.  According to Eurostat, Poland's milk production increases resulted in
the following dairy product production increases: butter, 3.8%; SMP, 51.8%;
and WMP, 17.3%.
0930c rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home

---

STAT News Service