Embrapa Dairy Cattle: 2024 was positive for the Brazilian dairy sector, after the challenges faced in 2023

Published 2024년 12월 20일

Tridge summary

The Brazilian dairy sector is expected to see continued profitability and growth in 2024, with a slight increase in milk production and stable production costs. However, the industry may face challenges due to climate volatility and higher import volumes. Factors such as climate volatility, macroeconomic uncertainties, technical assistance, and labor are expected to impact the dairy sector in 2025. The industry is also expected to see a shift towards automation due to a shortage of skilled labor, and there may be an increase in production concentration.

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

Original content

The year 2024 is proving to be positive for the Brazilian dairy sector, after the challenges faced in 2023. There are adequate levels of profitability for producers, with prices improving throughout the year and relatively more stable production costs. The industry also maintained its margins and increased sales due to improved income and employment. In the first nine months of 2024, production of milk under inspection increased by 1.57% compared to 2023. However, there were major climate challenges, notably in Rio Grande do Sul, which faced the worst flooding in the last 40 years and a hotter and drier climate in the third quarter. According to CILEITE/Embrapa, milk production in Brazil is expected to increase by 1.6% in volume in 2024, compared to 2023. Imports are expected to remain at high levels, increasing by around 6% compared to 2023, with a volume close to 2.2 billion liters equivalent. In terms of prices, prices are expected to remain firm on the international market in ...

Source: NoticiasAgricolas