MD_DA137                                                         
DA                                                               
MD DA137 Whole Milk Powder - South America                       

MADISON, WI.  March 30, 2017 (REPORT 13)                         

SOUTH AMERICA                                                    
INFORMATION GATHERED  03/20/2017 - 03/31/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         
                                                                 
In the Southern Cone of South America, WMP f.o.b. export prices 
shifted higher, in line with recent upward movements at the GDT. The 
scarcity of condensed milk supplies in the region is also boosting 
WMP values. In Brazil, demand for WMP from the food processing 
industry is robust, but WMP supply is less than adequate to cover 
buyers/end users' needs. Consequently, Brazilian customers are paying 
higher premiums for WMP, reflected at the top of the price range. 
Nevertheless, regional WMP export activity is irregular, driven by 
supply availability. In the Brazilian market, some WMP tenders from 
manufacturers can be found priced above $3,550 per metric ton. 

At the GDT Event 184 on March 21, whole milk powder (WMP) prices 
across all contract periods averaged $2,855 per metric ton, up 2.9% 
from the last event.

26% BUTTERFAT:                           3,000 - 3,500   

AJ Ter n
930CT Angel.Teran@ams.usda.gov 608.422.8593
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