Colombia: Dairy exports continue their upward trend

Published 2021년 7월 28일

Tridge summary

In May, Colombia's dairy exports experienced a significant surge, reaching 2,995 tons, a 130% increase compared to the same period in 2020, with a FOB value of USD 11,228,000. This growth is part of a larger trend, with exports now 210% higher than in January-May 2019 and 21% more than the same period in 2018. The industry has diversified its markets, with Venezuela emerging as the leading destination despite previous challenges, followed by Russia and the United States. Other destinations include Ecuador, Chile, Aruba, Curaçao, and Peru. The exports were dominated by whole milk powder, cheeses, butter, fresh cheese, yogurt, and skim milk powder. This marks a significant recovery for the industry, showing promising results since the strategy to diversify markets was implemented.

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

Original content

Despite the difficulties that affected the mobilization of products due to the blockades, the growing rate of dairy exports continued in May and reached 2,995 tons, a volume higher by 130% than that achieved in the same period of 2020 . DANE data compiled by the Office of Planning and Economic Research of the Colombian Federation of Livestock Farmers (Fedegán) and the National Livestock Fund (FNG) show that exports had a FOB value of USD 11,228,000. The 2,995 tons sold at this cost were 130% higher than the 1,300 a year ago, while revenues grew 136% compared to USD 4,760,000. (Read: Dairy exports continue to grow with the best results in a decade ) This volume was also 210% higher than the 965 t reported between January and May 2019, and 21% more than in the same period of 2018, the year that holds the record in terms of exports in the last decade, with more of 5,600 t shipped abroad. Continuing the trend that began last March, these records are the highest since 2009, when trade ...

Source: MXContexto