Milk prices fall in late 2024, while dairy products and exports show mixed trends

After a year marked by significant increases, the price of milk paid to producers is expected to end 2024 on a downward trajectory. In October, the average price collected was R$2.8065 per liter ("Brazil Average"), a reduction of 2.6% compared to September, but still 36.2% higher than the same period in 2023, in real terms (values adjusted by the IPCA of October). With the progress of the harvest and the consequent increase in supply in the field, the devaluation movement intensifies. Studies by Cepea indicate that the Brazil Average should register a drop of approximately 5% in November, with a forecast of a further drop of between 4% and 5% for milk collected in December. The prices of dairy products also fell in November, according to a survey by Cepea in partnership with the Organization of Brazilian Cooperatives (OCB). The biggest drop was observed in UHT milk, which registered a depreciation of 8.04%, being traded at an average of R$4.36 per liter in the São Paulo wholesale ...