MD_DA136

     Skim Milk Powder - South America

     Report 1 - Released on January 02, 2020

     In the Southern Cone region, skim milk powder (SMP) free on board export prices adjusted
     down in line with WMP bearish pricing trends. The top price of the range is mirroring export
     trading outside the Mercosur bloc, while the bottom is reflecting Brazilian imports from
     Argentina and Uruguay. Across the region, SMP demand from the food processing industry is
     fair/good, but less strong compared to the past Q4 manufacturing needs. With higher
     condensed skim volumes throughout the region, SMP drying schedules are active. As a result,
     SMP stocks are slowly growing.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,700 - 3,100


     Information for the period December 23, 2019 -  January 3, 2020, issued biweekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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 (My Market News): https://mymarketnews.ams.usda.gov