MD_DA137 DA MD DA137 Whole Milk Powder - South America MADISON, WI. October 12, 2017 (REPORT 41) SOUTH AMERICA INFORMATION GATHERED 10/02/2017 - 10/13/2017 U.S. DOLLARS PER METRIC TON, FOB PORT WHOLE MILK POWDER (WMP): In the Southern Cone region of South America, whole milk powder (WMP) f.o.b. export prices are mixed on a wider range. Unlike one year ago, the Brazilian demand for WMP is weak, which is negatively affecting WMP imports from nearby countries. The blockade of dairy imports from Uruguay by the Brazilian government is causing much uncertainty in the market. Hence, the bulk of WMP exports in the Southern Cone are occurring outside the Mercosur bloc. WMP production is active as there is enough milk available throughout the region. Inventories are mixed across the continent. The September 2017 Dairy Market News monthly average price per metric ton for WMP in the southern Cone of South America is $3,336. According to the Brazilian government, WMP imports from January to September 2017 totaled 64.8 million tons, down 34 percent from the same period in 2016. From this total, imports from Uruguay, Argentina, and Chile represented 60, 35, and 4 percent, respectively. At the GDT Event 197 on October 3, whole milk powder (WMP) prices across all contract periods averaged $3,037 per metric ton, down 2.7 percent from the last event. 26% BUTTERFAT: 3,000 - 3,500 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