WMP supply is above customers' demands in South America

Milk production is steady to slightly down in South America, as temperatures continue increasing as the summer season approaches. However, in Brazil, Perú, and Ecuador, cows' milk output is still growing while the highest seasonal peak is close (generally between December and January).
Milk and cream volumes are enough to cover most manufacturing requests, while the retail/food service demands for bottled milk, cheese, yogurt, milk caramel, and butter are robust.
SMP export...