MD_DA137

     Whole Milk Powder - South America

     Report 3 - Released on January 17, 2019

     In South America, free on board export prices for whole milk powder (WMP) adjusted slightly
     up, in line with recent WMP upward pricing trends at the GDT. Albeit, farm milk production
     is seasonally lower, condensed whole milk volumes are relatively available for WMP
     processing. Therefore, WMP production is ongoing throughout the continent. However,
     inventory levels are lower compared to Q4, 2018. The bottom price of the range is reflecting
     active WMP export to Algeria and Russia, while the top is mirroring slow trading to Brazil.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     2,600 - 3,100


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

     Secondary Sourced Information:

     At the GDT Event 228 on January 15, whole milk powder (WMP) prices across all contract
     periods averaged $2,777 per metric ton, up 3.0 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