MD_DA137

     Whole Milk Powder - South America

     Report 5 - Released on January 31, 2019

     In South America, free on board export prices for whole milk powder (WMP) shifted down at
     the lower end of the range, but rose at the higher end on moderate trading. The current
     prices are reflecting mixed conditions in the market within the last two weeks. While
     several processors report a balanced WMP market in terms of demand and supply, some
     customers differ from this. According to several buyers/end users, WMP supplies are above
     their needs, thus, prices should be lower, at least within the Mercosur bloc. Meanwhile, in
     terms of production, WMP manufacturing is less active compared to one or two months ago
     mainly due to lower farm milk intakes throughout the continent. Demand within South America
     is reported as sluggish, while offshore interest, especially from Algeria is strong. In
     fact, relatively weak currencies in the Southern Cone countries are enhancing exports to
     Africa and Russia.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     2,575 - 3,150


     Information for the period January 21 -  February 1, 2019, issued biweekly

     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