The average price was USD 3,978.70/Ton, above the USD 3,884.34/Ton recorded in the first half.

Regarding volumes, the second half reached 22,615.94 tons, significantly exceeding the 18,053.55 tons shipped between September 1 and 15. In terms of destinations, the period 15–30/09 included 34 markets, compared to 37 in the first half of the month. Despite this slight decrease, the level of market diversification remains within the usual range observed in recent reports.

September 2025 Monthly Summary

Considering both periods, September closed with stronger prices and a growing total volume, mainly driven by the dynamics of the second half. The diversification of destinations remained stable, with minimal variations and a performance aligned with the month’s historical pattern.

The monthly close indicates a better overall performance in value and volume, consolidating September as a month of moderate recovery with positive signs in external demand.

Whole Milk Powder:

• Price: USD 3,888.46
• Variation: –2.82%
• Exported Tons: 12,345.45

Skimmed Milk Powder:

• Price: USD 3,122.74
• Variation: –1.12%
• Exported Tons: 1,463.44

Semi-Hard Cheese:

• Price: USD 4,383.12
• Variation: –2.69%
• Exported Tons: 4,595.37

Hard Cheese:

• Price: USD 6,433.96
• Variation: +0.33%
• Exported Tons: 585.90

Butter:

• Price: USD 6,375.67
• Variation: +2.09%
• Exported Tons: 1,102.88

Buttermilk:

• Price: USD 2,742.68
• Variation: –3.77%
• Exported Tons: 70.59

Whey Permeate:

• Price: USD 627.12
• Variation: +3.96%
• Exported Tons: 397.80

Partially Demineralized Whey (D40%):

• Price: USD 11,476.06
• Variation: +2.52%
• Exported Tons: 576.60

Whey Protein Concentrate 35% (WPC 35%):

• Price: USD 2,958.66
• Variation: +10.20%
• Exported Tons: 1,218.32

Whey Protein Concentrate 80% (WPC 80%):

• Price: USD 6,029.36
• Variation: –11.99%
• Exported Tons: 259.60

South Dairy Trade URUGUAY:

Biweekly Comparison – Uruguayan Dairy Market

Period 16/10/2025 – 31/10/2025 vs. 01/10/2025 – 15/10/2025

During the second half of October, Uruguayan dairy exports showed a performance characterized by higher volumes and greater market diversification, although average prices experienced a slight decline.

The average price was USD 3,865.19/Ton, below the USD 3,967.04/Ton recorded in the first half of the month. Regarding volumes, the second half reached 12,230.62 tons, exceeding the 10,669.04 tons shipped between October 1 and 15. The increase reflects a higher export pace towards the end of the month. In terms of destinations, 38 markets were served, compared to 32 in the first half of the month.

October 2025 Monthly Summary

October closed with a positive balance in volume and diversification, offsetting the slight drop in average prices. The month was characterized by:

• Increase in exported volume during the second half, raising the total monthly shipments.
• Expansion of destinations, consolidating Uruguay’s international presence.
• Slight correction in average prices, without affecting the overall export activity trend.

Overall, October showed dynamism and stability in Uruguayan dairy exports, with signs of growth in both volumes and market dispersion.

Whole Milk Powder:

• Price: USD 3,911.96
• Variation: –0.81%
• Exported Tons: 9,525.91

Skimmed Milk Powder:

• Price: USD 3,205.92
• Variation: –4.26%
• Exported Tons: 1,032.64

Semi-Hard Cheese:

• Price: USD 4,864.27
• Variation: +2.50%
• Exported Tons: 232.50

Hard Cheese:

• Price: USD 6,738.78
• Variation: +10.66%
• Exported Tons: 182.51

Butter:

• Price: USD 6,558.20
• Variation: –3.16%
• Exported Tons: 517.06

Buttermilk:

• No exports were recorded.

Partially Demineralized Whey (D40%):

• Price: USD 1,278.83
• Variation: –2.01%
• Exported Tons: 740.00

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