MD_DA137

     Whole Milk Powder - South America

     Report 45 - Released on November 07, 2019

     In the Southern Cone region of South America, whole milk powder (WMP) free on board export
     prices adjusted higher on a firmer market. Albeit farm milk output is improving throughout
     the region, WMP inventories are becoming less accessible as several manufacturers are
     holding stocks anticipating higher prices by the end of the year. In addition, a large
     portion of the WMP stocks is highly committed to the tender recently offered by the
     government of Algeria (OCIL). Regional demands from the food processing industry, especially
      bakers, are hearty and improving ahead of the upcoming year-end holidays.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,100 - 3,400


     Information for the period October 28 -  November 8, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 247 on November 5, whole milk powder (WMP) prices across all contract
     periods averaged $3,254 per metric ton, up 3.6 percent from the last event.

     2019 Brazil WMP Imports (USDA-COMEX)
                      2019 Imports     % Change From
                      (Thousand MT.)      1 Year Ago

     Oct                   4.1             -   60

     TOTAL, JAN - OCT     53.3             -    3
     Uruguay              24.8             +   25
     Argentina            25.5             +   19
     Paraguay              2.5             +   52
     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