Colombia: The price of milk fell again in Córdoba and Sucre

According to the OPCA, during the month of February the value of milk paid to the producer continued to drop. Phenomenon that have been occurring in the region since October. In February, for the second consecutive month, the producer and marketer price index for raw cow's milk sold to the industry in the departments of Córdoba and Sucre decreased; The same happened with the amount collected and with the price without nominal and real bonus; the price with bonus grew nominally, Observatory of Agricultural Prices and Costs of the Northwest Zone of the Colombian Caribbean (OPCA). (Read: International milk prices fall 1% in March) An econometric exercise of non-stationary time series to measure the response of cheese supply to price indicates that producers respond positively to price variations: a variation of $100/ton causes a variation in the same direction of supply in 195 tons According to the OPCA, in the second month of 2022, the price index received by the producer and ...