MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 12 - Released on March 21, 2019

     Rennet and acid casein prices are higher. Market supply tightness is a factor more widely
     evident this week. Supplies available from the EU are tighter. That, coupled with tighter
     late season supplies in New Zealand, has sent pricing higher to get deals closed for
     available casein stocks.

      Although the EU is a significant casein producing region, supply tightness there is
     illustrated by noting that casein imports during January 2019 compared with January 2018,
     increased at a higher percentage than exports from the EU. The United States is the largest
     customer for EU casein exports.
     Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse, Non-
     Restricted, All Mesh Sizes, Conventional, and Edible Casein

     Acid; Price Range - $/LB:                    3.0600-3.1950
     Rennet; Price Range - $/LB:                  2.6850-3.1175


     Information for the period March 18 - 22, 2019, issued weekly

     Secondary Sourced Information:

     At GDT event 232 on March 19, 2019, the all contracts rennet casein price, $2.8078,
     increased 9.7 percent. The April contract, $3.1162, increased 19.3 percent.

      Casein and caseinate exports from the EU during January 2019, 6,514 MT, increased 8.5
     percent from January 2018 according to Eucolait. The three primary destinations, percent of
     2018 EU casein and caseinate exports, and quantity, are shown in the following table.

     Country             % of Total  Quantity MT
     United States       33.3        2,166
     Mexico               9.8          640
     Russia               7.3          477

      Casein and caseinate imports to the EU during January 2019, 1,503 MT, increased 12.2
     percent from January 2018 according to Eucolait. New Zealand is the primary source,
     supplying 73.9 percent, 1,110 MT. Ukraine continues casein production expansion and is the
     second largest source EU of casein imports, 17.3 percent, 260 MT.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (MyMarketNews): https://mymarketnews.ams.usda.gov/
     DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home