Brazil: The global economic scenario continues to bring challenges that impact the performance of the chain

Published 2023년 12월 18일

Tridge summary

The milk and dairy production chain is facing multiple challenges due to global economic factors such as the pandemic, war, inflation, and high interest rates, leading to unstable prices and weak demand. In Brazil, despite a satisfactory economic performance with GDP growth, controlled inflation, and reduced unemployment, the consumption of dairy products has not improved, negatively impacting the production chain. The situation is further complicated by increased dairy imports, declining domestic prices, and poor industrial margins, leading to a need for investment in innovation and technology to promote competitiveness and stimulate consumption.

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

Original content

The global economic scenario continues to bring challenges that impact the performance of the milk and dairy production chain. From the situation of reorganization of supply chains and inputs, arising from the Covid pandemic and the war in Russia and Ukraine, to the weak performance of the most dynamic economies, inflation and high interest rates, war in the Middle East, decline in Chinese imports and production outlook of limited milk from the largest exporters, show a challenging scenario for the milk and dairy production chain for the year 2024. These vectors of the international market have maintained the prices of dairy products with a tendency towards stability, despite recent, but small, increases. The GDT of 05/12 brought slightly higher prices than the previous auction (butter – US$4,936; cheeses US$3,986; whole milk powder US$3.11; skimmed milk powder US$2.6714). In addition to the situation of the Chinese economy and that of the most developed countries, and the two ...

Source: NoticiasAgricolas