MD_DA136

     Skim Milk Powder - South America

     Report 35 - Released on August 27, 2020

     In the past couple of weeks, no major changes had happened in the South American skim milk
     powder (SMP) market, reflected on steady free on board export prices. The SMP market is
     mostly stable, which is somewhat atypical for a niche market that is normally very volatile.
     The production of skim milk powder (SMP) has been more active prompted by higher condensed
     skim milk volumes. However, SMP inventories are reported to be in balance with most spot and
     contractual needs.
     Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible
     Skim Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,550 - 2,700


     Information for the period August 17 - 28, 2020, issued biweekly

     Secondary Sourced Information:

     At the GDT Event 266 on August 18, skim milk powder (SMP) prices across all contract periods
     averaged $2,608 per metric ton, up 1.1 percent from the last event.
     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov