MD_DA137                                                         
DA                                                               
MD DA137 Whole Milk Powder - South America: Southern Cone                               

MADISON, WI. December 22, 2016 (REPORT 51)                        

SOUTH AMERICA: SOUTHERN CONE
INFORMATION GATHERED 12/12/2016 - 12/23/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

Whole milk powder (WMP) f.o.b. export prices in the Southern Cone of 
South America were adjusted lower. Currently, Brazil is actively 
processing WMP for a strong domestic demand. This is putting pressure 
on imported WMP prices coming to Brazil mainly from Uruguay and 
Argentina, reflected on the top of the range. On the other end, large 
export transactions outside the Mercosur block continue active at 
prices below $3,000 per metric ton, mirrored at the bottom price of 
the range. Overall, WMP drying schedules are ongoing throughout the 
zone. Inventories are steady to higher in Brazil, but slightly lower 
in Argentina and Uruguay. According to the Ministry of Industry, 
Trade, and Services (MDIC), Brazil WMP imports from January to 
November 2016 totaled 116,750 MT, up 115% from the same period in 
2015. From this total, imports from Uruguay and Argentina represented 
68% and 28%, respectively. At the GDT Event 178 on December 20, whole 
milk powder (WMP) prices across all contract periods averaged $3,568 
per metric ton, down 0.8% from last event.
26% BUTTERFAT:                         2,850 - 3,450



930CT Angel.Teran@ams.usda.gov (608)557-7011
USDA/AMS/Dairy Market News, Madison, Wisconsin Dairy Market News 
website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home