In 2025, the price of milk in Brazil fell by over 25%.

"CNN Brasil" reported that in 2025, the cumulative actual decline in milk prices reached 25.8% for the entire year. The average annual milk price was 2.5617 reais per liter, a decrease of 6.8% from the previous year. Cepea noted that the main reason for the price drop was an oversupply of dairy products in the domestic market. The center stated, "Throughout 2025, milk production was mainly due to investments made the previous year and favorable weather conditions, which significantly increased the supply of milk and dairy products." According to the Milk Purchase Index (ICAP-L), although milk purchases decreased slightly by 0.41% between November and December, the total annual purchases still increased by 15.4%. Another factor contributing to high inventories is foreign trade. Even with a decrease in the last two months of the year, total milk imports in 2025 reached 2.21 billion liters, only 5.9% lower than the record set in 2024. On the other hand, exports decreased by 31.6%, ...