They estimate a large increase in milk production in Argentina

Published 2021년 10월 14일

Tridge summary

The October report from the Regional Consortium for Agricultural Experimentation (CREA) forecasts a 3.7-3.8% increase in Argentina's dairy production in 2021 compared to 2020, with the first seven months of the year showing an outstanding growth in raw milk production. Despite the high production, no major climatic events are expected to affect individual animal production. However, the report highlights a concern regarding the decrease in the price paid to producers despite increasing costs. Argentina sees the highest year-on-year increase in producer price (+ 32%), followed by New Zealand, Uruguay, and Brazil, while the EU experienced the smallest increase (+ 8%). The stability in the official dollar in Argentina throughout 2021 also contributed to this increase.

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

Original content

The highly anticipated monthly report for October from the Regional Consortium for Agricultural Experimentation (CREA) presents interesting surveys of the dairy sector and a surprising forecast that accounts for the estimated growth towards the end of the year. Production trend in the first seven months of the year marks an outstanding growth that accumulates 7,244 million liters of raw milk, "observing an increase in production of 3.9% compared to the same period of 2020". In this sense, "dairy companies not only face the peak of spring production with a supply of fodder and reserves above what was budgeted, but also with price relationships that allow them to produce milk at low cost". At the same time, "no major climatic events are expected to affect individual animal production", so "from CREA we estimate that 2021 will end with a production + 3.7-3.8% compared to 2020". This forecast is compared with the Rabobank world estimate known in September on the main dairies in the ...

Source: Diariolaopinion