Embrapa Dairy Cattle: 2024 was positive for the Brazilian dairy sector, after the challenges faced in 2023

The year 2024 is proving to be positive for the Brazilian dairy sector, after the challenges faced in 2023. There are adequate levels of profitability for producers, with prices improving throughout the year and relatively more stable production costs. The industry also maintained its margins and increased sales due to improved income and employment. In the first nine months of 2024, production of milk under inspection increased by 1.57% compared to 2023. However, there were major climate challenges, notably in Rio Grande do Sul, which faced the worst flooding in the last 40 years and a hotter and drier climate in the third quarter. According to CILEITE/Embrapa, milk production in Brazil is expected to increase by 1.6% in volume in 2024, compared to 2023. Imports are expected to remain at high levels, increasing by around 6% compared to 2023, with a volume close to 2.2 billion liters equivalent. In terms of prices, prices are expected to remain firm on the international market in ...