Argentine dairy exports registered a drop of 23%

Published 2024년 7월 10일

Tridge summary

In 2023, Argentina's dairy exports declined by 18% to $1.181 billion due to reduced volumes and lower international prices, while domestic milk consumption hit a six-year high. Key exports included milk powder, cheese, butter, and whey, with Brazil as the top importer of milk powder. Milk production fell by 2% to 11.3 million liters, the lowest in three years, and the number of dairy farms decreased by 4.5%, marking the lowest production rates since 2015. Despite these challenges, milk producers experienced a 102% price increase from December to May, surpassing the 72% inflation rate.

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

Original content

Exports of the dairy complex fell 18% in 2023, reflecting a significant decrease compared to previous years. This occurred within the framework of a year in which milk production in Argentina marked its lowest rate in more than a decade. However, during the same period, per capita milk consumption reached its highest level in six years. This was indicated in a report published by the Rosario Stock Exchange (BCR). The total collected from exports of the dairy complex in 2023 amounted to 1,181 million dollars, influenced by both the lower volume exported and lower international prices. The most sold products abroad of the Argentine dairy complex in 2023 were milk powder, cheese, butter and whey. In particular, milk powder was the star product, with exports reaching an FOB value of approximately $400 million. Cheeses also had a notable performance, with exports directed mainly to Mercosur countries, the Pacific Alliance and parts of Asia. Butter, for its part, found markets in Europe ...

Source: Infobae