Milk imports of Brazil increased by 80.7% in October; producer price fell 6.5%

Published 2022년 11월 14일

Tridge summary

Brazilian milk imports experienced a significant increase of 80.7% in October compared to the same period in 2021, as reported by the Milk Intelligence Center (CILeite) of Embrapa Gado de Leite. This surge in imports, along with increased production, led to a 6.5% decrease in the price of milk to producers, with the average price being R$ 2.85 per liter. Despite this, the milk/mixture exchange ratio worsened for cattle raisers, and retail prices for dairy products fell by 2.4% in October. However, over the past year, retail prices rose by 24.8%, exceeding the official Brazilian inflation rate. Exports reached their lowest monthly volume of the year, and the trade balance for 2022 showed a deficit of US$ 466 million.

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

Original content

Brazilian milk imports grew 80.7% in October compared to the same month of 2021, informs the November bulletin from the Milk Intelligence Center (CILeite) of Embrapa Gado de Leite. Foreign purchases of dairy products and increased production resulted in a 6.5% drop in the price of milk to producers last month, when the average price was R$ 2.85 per liter. Still according to the CILeite bulletin, released last Friday (11), the milk/mixture exchange ratio has worsened for the cattle raiser for the second consecutive month. “It took 38.7 liters of milk to purchase 60 kg of mixture, against 45.6 liters observed in October 2021”. Read below the seven topics of the bulletin, prepared by specialists Glauco R. Carvalho and Samuel J. M. Oliveira, with the collaboration of Jonas Carvalho Gomes Nogueira: 1) The price of milk to the producer decreased by 6.5% in the payment made in October, reflecting an increase in production and imports of dairy products. The national average price paid to ...

Source: Agroemdia