Argentina: Milk production rises while exports fall
Argentina
Published Nov 10, 2022
Tridge summary
Argentina's milk production in September increased by 0.3% year-on-year, continuing recent trends. Year-to-date, this increases Argentina's production by 0.7% and, as of August, the figure is 4.4% higher. Processing has slowed with August figures showing a 5.9% decline. This adds to the decline in milk processing into whole milk powder (WMP), which is down 18.8% year-on-year.
Original content
Argentina's milk production in September increased by 0.3% year-on-year, continuing recent trends. Year-to-date, this increases Argentina's production by 0.7% and, as of August, the figure is 4.4% higher. Processing has slowed with August's numbers showing a 5.9% decline. This adds to the decline in milk processing into whole milk powder (WMP), which is down 18.8% year-on-year. The price of domestic milk continues to rise with the current price of milk standing at 771.17 pesos (US$4.84) per kilogram of milk solids, despite an increase of almost 30 pesos (US$ (US$0.19)). per kilogram of milk solids, the strength of USD is valued at 10c/kg MS when converted to USD, at $4.89/kg SL. While September and August production increased, production declines in June and July followed into exports, with September exports reporting a decline. Argentina's total dairy exports in September were down 5% year-on-year; however, strong exports at the beginning of the year made the country rise 8% ...
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