Period: September 30 – October 11, 2019
Milk production in South America grows as the spring approaches.
In Brazil, rainfalls are spurring pasture quality. While farm milk supply is improving seasonally, farm-gate prices remain relatively high mainly due to the competition for milk among dairy processors.
In Argentina and Uruguay, the climate has been mostly dry. However, the quality and quantity of fodder are in line with the feeding needs of dairy herds.
In South America, average export prices for SMP have slightly decreased and the market undertone is currently unsteady. This situation may change in the upcoming weeks as this niche market is very volatile.
Unlike the recent downward global trend in WMP prices, South American export prices are firmer, as WMP supply is below the immediate need from Buyers. The WMP demand from Brazil is strong.