Argentina: The dairy industry increased its production by 3.4%

The dairy industry closed December with a 3.4% year-on-year rise in processed volume and a 3% increase in exports, according to official statistics. In parallel, sales in the domestic market failed to pick up and fell by up to 13%. According to industry analysts, producers received a better price for their raw material, but retail sales and consumption fell. According to the Observatory of the Argentine Dairy Chain (OCLA), the industry processed 1,046 million liters in the last month of 2021 and finished over 11,000 million liters, a figure that places it at levels similar to the previous year. Regarding exports, although they slowed down in the last quarter of the year, prices registered an upward trend, which allowed sustaining the entry of dollars. Between January and November, exports accumulated 355,800 tons, with a turnover of USD1,280 million. Within the volume sold, 36% corresponded to powdered milk; 16% to whey and 11% mozzarella and the main destinations were North Asia, ...