MD_DA137                                                         
DA                                                               
MD DA137 Whole Milk Powder - South America                       

MADISON, WI.  July 20, 2017 (REPORT 29)                          

SOUTH AMERICA                                                    
INFORMATION GATHERED  07/10/2017 - 07/21/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         
                                                                                                                                  
Whole milk powder (WMP) f.o.b. export prices are mixed on a wider 
range, in the Southern Cone of South America. Moderate WMP export 
activity from Argentina/Uruguay to Russia and Algeria pushed down the 
bottom of the pricing range. On the other hand, limited export 
trading from Argentina/Uruguay to Brazil pushed up the top value of 
the range. WMP production is active throughout the region while 
inventories are steady to building in some processing plants. 
Compared to one month ago, the demand for WMP is softer throughout 
the Mercosur region. 

According to the Brazilian government, WMP imports from January to 
June 2017 totaled 50,076 MT, down 13 percent from the same period in 
2016. From this total, imports from Uruguay, Argentina, and Chile 
represented 61, 34, and 5 percent respectively. 

At the GDT Event 192 on July 18, whole milk powder (WMP) prices 
across all contract periods averaged $3,114 per metric ton, up 0.3 
percent from the last event.

26% BUTTERFAT:                           3,100 - 3,600           
           
                                                           


930CT AJ Teran 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