MD_DA136

     Skim Milk Powder - South America

     Report 1 - Released on January 03, 2019

     Free on board export prices for whole milk powder (WMP) adjusted slightly down across the
     Southern Cone region of the continent, in contrast with recent WMP upward pricing trends at
     the GDT. The bottom price of the range is reflecting active WMP export transactions outside
     the Mercosur bloc, particularly to Algeria and Russia. However, the top price of the range
     is mirroring sluggish trading activity within the Mercosur bloc, mainly from Argentina and
     Uruguay to Brazil. WMP production is ongoing in most balancing plants as manufacturing
     condensed milk volumes are readily available throughout the region. Consequently, WMP
     inventories are steady to slightly higher.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,375 - 2,675


     Information for the period December 24, 2018 -  January 4, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 227 on January 2, whole milk powder (WMP) prices across all contract
     periods averaged $2,705 per metric ton, up 1.2 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