Change of trend: Dairy farm production in Argentina grew for the first time in 19 months

Milking reached 1,018.8 million liters last month, 1.5% above November 2023. It is estimated that 2024 will end with a cumulative drop of 6.5%. Argentine dairy farms produced a total of 1,018,817,998 liters of milk in November, according to a report prepared by the Argentine Dairy Chain Observatory (OCLA), based on data from the National Dairy Directorate (DNL). In this way, the eleventh month of the year ended 4.1% below October in absolute terms (-0.9% in the daily average), but 1.5% above the same month in 2023. This is a very important fact, since it confirms the change in trend that the dairy industry had been anticipating in recent months, in relation to a recovery of production levels. This is the first milking rebound in 19 months, since the negative series had begun in May 2023 and had never been interrupted. And in fact, it should be mentioned that the complete downward series is longer and begins in June 2022: since then, only in January and April 2023 had positive ...