MD_DA137 Whole Milk Powder - South America Report 21 - Released on May 21, 2020 In the Southern Cone region of the continent, free on board export prices for whole milk powder (WMP) adjusted higher to reflect the current bullish market conditions inside and outside the Mercosur bloc. The bottom of the pricing range is reflecting moderate exports to Algeria, while the top is mirroring light Brazilian imports mainly from Uruguay and Argentina. Overall, there are some glimpses of optimism among industry participants, as buyers are more confident to buy regardless of COVID-19 pressure in the market. WMP production is limited and inventories are slightly lower. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 2,750 - 3,100 Information for the period May 11 - 22, 2020, issued biweekly Secondary Sourced Information: At the GDT Event 260 on May 19, whole milk powder (WMP) prices across all contract periods averaged $2,677 per metric ton, down 0.5 percent from the last event. Published by: Dairy Market News - Madison, WI ANGEL TERAN-RAMOS, 6084228593 Email: angel.teran@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