Milk will weigh on consumers' pockets until October in Brazil

Published 2022년 7월 18일

Tridge summary

The prices of milk and its derivatives in Brazil are expected to continue increasing until October 2022, with milk already seeing a 41.32% increase in 2022 and 36.9% inflation in the last 12 months. The most significant price hikes have been seen in yogurt and margarine, while powdered milk has experienced the lowest increase. The Paulista Association of Supermarkets (APAS) attributes the price increases to a decrease in supply and rising production costs, including a 20% increase in soy prices and a 30.69% increase in the Producer Price Index of the dairy industry in the last 12 months.

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

Original content

Milk should remain off the Brazilian shopping list for a while longer. According to the Paulista Association of Supermarkets (APAS), the prices of milk and its derivatives should maintain the upward bias until at least the month of October. In 2022 alone, milk has already accumulated a 41.32% increase; in the last 12 months, the accumulated inflation is 36.9%. Among derivatives, the accumulated for the year is 14.74%, while the high in 12 months is 23.3%. The dairy products that registered the most increase are yogurt (+36.69% in 12 months) and margarine (+33.25% in the same period). Powdered milk recorded the lowest high in 12 months, 9.62%. However, APAS points to a reduction in the supply of the product in the national market – and the consequent increase in its price. The volume of the product exported from January to May this year reached 5.2 tonnes. This is 62.5% more than the same period last year, when 3.2 tonnes were exported. According to estimates from the APAS ...

Source: Moneytimes