Skim Milk Powder - South America

     Report 37 - Released on September 12, 2019

     During the past two weeks, the skim milk powder (SMP) market in the Southern Cone region has
     been unstable, reflected on mixed export prices. The trading activity has been light to
     moderate. With more condensed skim intakes in the region, SMP drying schedules are more
     frequent in several balancing facilities, while inventories vary from plant to plant. In
     general, the demand for SMP inside and outside the Mercosur bloc ranges from sluggish to
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,300 - 2,550

     Information for the period September 2 - 13, 2019, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 243 on September 3, skim milk powder (SMP) prices across all contract
     periods averaged $2,500 per metric ton, up 0.7 percent from the last event.

     2019 Brazil SMP Imports (USDA-COMEX)
                      2019 Imports     % Change From
                      (Million Ton.)      1 Year Ago

     August                 2.1             +  64

     TOTAL, JAN-AUG        12.6             -   1
     Uruguay                6.4             +  56
     Argentina              5.9             -   9
     United States          0.3             -  71
     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593

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