MD_DA137

     Whole Milk Powder - South America

     Report 51 - Released on December 19, 2019

     During the past two weeks, South American whole milk powder (WMP) free on board export
     prices shifted down, in line with recent downward price trends in some offshore auctions.
     Most balancing plants across the continent continue actively processing WMP, mostly to meet
     contractual needs for the rest of Q4 and Q1. At this point, WMP inventories are steady to
     building. Trading is less active within the Mercosur bloc, compared to a few weeks ago.
     Nevertheless, exports to Algeria and Russia remain strong.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,100 - 3,300


     Information for the period December 9 - 20, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 250 on December 17, whole milk powder (WMP) prices across all contract
     periods averaged $3,099 per metric ton, down 6.7 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