MD_DA136

     Skim Milk Powder - South America

     Report 3 - Released on January 17, 2019

     Globally, SMP spot prices surprised the dairy industry as prices increased significantly
     during the last two weeks.  An important factor that has contributed to the increase in SMP
     prices worldwide is the reduction of intervention stocks in the E.U. That said, during the
     past two weeks, SMP export prices in South America rose considerably, in line with
     international market trends. Meanwhile, since most of the time is being devoted to
     processing WMP, SMP production remains sporadic throughout the continent. In general, demand
     for SMP is steady, but supplies are limited, thus the market is in a bullish position at
     this point.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,575 - 2,875


     Information for the period January 14 - 18, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 228 on January 15, skim milk powder (SMP) prices across all contract
     periods averaged $2,405 per metric ton, up 10.3 percent from the last event.
     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@ams.usda.gov

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