Dairy imports of Brazil increased by 15.4% from September to October

Published 2021년 11월 22일

Tridge summary

In October, Brazil experienced a 15.4% increase in dairy imports, totaling 12,200 tons, due to the scarcity of domestic raw materials and a decrease in average prices, particularly in powdered milk. Imports of this product rose by 22% to 6,400 tons, with Argentina, Uruguay, and Paraguay being the main suppliers. Despite a slight decrease, cheese imports made up 25% of total purchases. However, exports saw a decline, falling 15.6% from the previous month. The outlook for November is ominous as international dairy derivative prices are expected to rise, exacerbating the trade balance deficit, which stood at US$ 37.5 million in October, an 18% increase from the previous month.

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

Original content

Despite the high levels of the dollar - the average exchange rate in October was BRL 5.54 -, data from Secex show that, from September to October, dairy imports increased by 15.4%, totaling 12,200 tons, informs the November edition of the Cepea Milk Bulletin. "The increase in purchases of derivatives on the international market was associated with the still restricted supply of raw materials in the country and the decrease in the average price negotiated, especially in the powdered milk category – a product responsible for almost 53% of Brazilian purchases in the month" , according to analysts Munira Nasrrallah and Juliana Santos, from the Cepea Leite Team. According to the bulletin, imports of powdered milk totaled 6.4 thousand tons, 22% higher than the volume purchased in September 2021. The countries responsible for sales of the product were Argentina (56%), Uruguay (39%) and Paraguay (4.6%), with an average price of US$ 3.31/kg – 5% below that registered in the previous month ...

Source: Agroemdia