MD_DA137

     Whole Milk Powder - South America

     Report 11 - Released on March 16, 2023

     Whole milk powder prices are unchanged this report week. Contacts say Brazilian whole milk
     powder (WMP) importing has recently slowed. Despite that, processors in Argentina and
     Uruguay are not yet concerned with the current availability, as regional inventories are
     noted as somewhat tight. Buyers relay similar sentiment. They say loads, outside of
     contractual needs, have been somewhat scarce throughout Q1. That said, if Brazilian
     customers do not start to increase their ordering for the upcoming quarter, traders are
     expecting to shift more available inventories into other global markets. Condensed whole
     milk availability, though, is teetering between steady and light, as milk output has been
     limited due to the long term drought situation in the dairy-centric areas of both Uruguay
     and Argentina. Market tones are unassured, as Q1 approaches its final weeks.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Whole Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,800 - 4,100


     Information for the period March 6 - 17, 2023, issued biweekly

     Secondary Sourced Information:

     At GDT Event 327, on March 7, whole milk powder prices across all contracts averaged $3,277
      per metric ton, up 0.2 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