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