MD_DA136

     Skim Milk Powder - South America

     Report 5 - Released on January 30, 2020

     South American free on board export prices for skim milk powder (SMP) are mixed. SMP prices
     have been very volatile in recent weeks, which is typical of a niche market, especially in
     uncertain circumstances, such as a new export tariff proposed in Argentina. Export
     transactions have been reported as slow within and outside the Mercosur bloc. In general,
     SMP production is unsteady, while inventories are mixed throughout the continent. Market
     conditions are expected to be clearer during the next upcoming weeks, but at this point, the
     market tone is unsettled for most contacts in the industry.


     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   3,000 - 3,100


     Information for the period January 20 - 31, 2020, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 252 on January 21, skim milk powder (SMP) prices across all contract
     periods averaged $3,036 per metric ton, up 0.7 percent from the last event.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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