Mexico: Dairy imports continue to skyrocket in 2022

Published 2022년 9월 2일

Tridge summary

The article highlights a significant surge in Colombia's imports of powdered milk and other dairy products in the first half of 2022, with volumes and costs reaching records that surpass those of 2017 and 2018. The import value and volume have doubled compared to the previous year, with the average cost per ton also rising. The United States continues to be the primary supplier, followed by Chile, Bolivia, and Argentina. This trend is attributed to a decline in domestic production, leading companies to import more despite increased costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Imports of powdered milk and other derivatives in the 1st half of 2022 were higher in volume and cost than those of all of 2017 or 2018. Compared to the same period last year, the value of imports doubled, and the volume grew more than 50%. Dairy imports continue to skyrocket in 2022 despite the fact that the exchange rate and international prices have been high. At least that has been the trend reflected in the first half of the year according to DANE figures compiled by Fedegán-FNG. Between January 1 and June 30, 45,974 tons of products made from liquid milk have entered for a CIF value of USD 169,896,000. (Read: Dairy imports until May were 80% more expensive than those of the same period of 2021) This volume is 50.2% higher than the 30,602 tons recorded in the first half of 2021, but almost double the USD 89.6 million it cost (+98.5%). The average cost of each ton also rose: it went from 3,000 dollars to 3,695 between one period and another. The report carried out by the ...

Source: MXContexto