Global dairy imports between January and August were more expensive than those of 2017 or 2018

In the first eight months of 2021, more than 110 million dollars were allocated to the purchase of powdered milk and other derivatives, more than what was allocated in all of 2017 or in 2018. Even so, the volume of imported product is lower, and compared with 2020, a drop is evident. The cost of these imports was USD 110,223,000 (CIF value) that were used to purchase 38,477 tons of dairy products, according to data cut-off as of August 31, provided by DANE and compiled by Fedegán-FNG. Compared with the same period in 2020, the volume is 37% lower compared to 60,792 t, while the value of imports is 35% lower. (Read: The trade balance of dairy products continues to be in deficit for Colombia) Although for the same date of the previous year, more than USD 168 million had been invested, the cost of imports so far in 2021 is still worrying, since it exceeded the USD 109.3 million spent in 2017 or the USD 107.5 million in 2018. Those years also entered more tons, 43 817 and 45 256 ...