MD_DA137

     Whole Milk Powder - South America

     Report 5 - Released on January 30, 2020

     In South America, free on board export prices for whole milk powder (WMP) shifted up on
     moderate trading. The current prices are the reflection of the bullish pricing trends of the
     regional butterfat market and the global protein markets. Prompted by seasonally lower farm
     milk intakes, WMP manufacturing is less active compared to one month ago. WMP requests
     within and outside the continent are reported as strong. The new proposed export tariff in
     Argentina continues being a main topic of discussion among the dairy industry as several
     industry contacts are not sure of the immediate impact to the WMP free on board export
     prices. However, the industry is expecting to see a clearer picture of the effect of this
     tariff as 2020 passes.


     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,150 - 3,300


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

     Secondary Sourced Information:

     At the GDT Event 252 on January 21, whole milk powder (WMP) prices across all contract
     periods averaged $3,233 per metric ton, up 2.4 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