Period: September 3 – 14, 2018
Milk production continues improving as comfortable temperatures support cows’ yield throughout South America.
Milk requests from cheese, milk caramel, yogurt, and fluid milk processors are very active. Cheese production, especially mozzarella, is ongoing with good demands from restaurants, pizzerias, and retailers. Inventories of UHT milk and mozzarella cheese continue building.
SMP export prices have been stable in South America. The demand for SMP inside and outside the Mercosur bloc is fair to good, while inventories are steadily building.
WMP export prices have been stable, too. There is more than enough condensed milk volumes and therefore, WMP drying schedules are very active in this region. Demands from Algeria is fair, but stagnant from Brazil.