MD_DA137 Whole Milk Powder - South America Report 13 - Released on March 30, 2023 Whole milk powder (WMP) prices are holding firm to moving higher. Milk production in Uruguay and Argentina is not moving in a bullish direction, as contacts and reports from the region relay a notably hot and dry March, following already limited output in 2023. Brazil's interest in WMP has reportedly increased in recent months. Brazil's milk output limitations are potentially a major factor in their renewed/continued interest in commodities from South American areas, as reports suggest the continued competition for milk from processors is currently the norm. Contacts say dairy fat is scarce, across the continent, as they expect WMP prices to hold at around $4,000/MT through the quarter. Some contacts expect prices to move above that mark in the near term. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 3,900 - 4,100 Information for the period March 20 - 31, 2023, issued biweekly Secondary Sourced Information: At GDT Event 328, on March 22, whole milk powder prices across all contracts averaged $3,228 per metric ton, down 1.5 percent from the previous GDT event. Published by: Dairy Market News - Madison, WI ISRAEL WEBER, 608-422-8601 Email: israel.weber@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