
Uruguay's milk deliveries reached a new record, with 184,220 tonnes of solids sent to industrial plants in the 12 months to September, up 10.6% year on year, according to INALE data. Whole milk powder prices on the Global Dairy Trade auction rose almost 6% to $3,971/t, a one-year high.
Stronger export prices for whole milk powder, Uruguay's main dairy export, support farm-gate milk prices and signal firmer global dairy demand, though volatility remains high. Dairy byproducts used in feed may also firm.
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