In September, more dairy products in Argentina were exported but at a lower price
Market & Price Trends
Published Nov 30, 2023
Argentina's main dairy product exports experienced a 62% increase in September 2023 compared to the previous month, reaching a total of 15,912.41 tons. This growth was attributed to higher productivity of whole milk powder, leading to increased exports to Brazil and the closing of larger contracts with Algeria. However, the overall export volume for January to September 2023 was lower than the same period in 2022 due to factors such as drought and reduced demand from China. Prices of dairy products also decreased during the third quarter of 2023, with the fall in Chinese demand impacting the global market.
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(NAP) During the month of September, the sustained growth that exports of Argentina's main dairy products have been experiencing in 2023 was confirmed, with an increase of 62% compared to the previous month, reported South Dairy Trade, the statistical and analysis platform. of dairy prices in America. According to South Dairy Trade, in September exports went from 9,775 (in August) to 15,912.41 tons. “This jump responds to greater productivity of whole milk powder, which facilitated the growth of exports to Brazil and the closing of more and larger contracts with Algeria,” explained Alejandro Maurino, CEO of the DairyCorp group, to which the platform belongs. While the accumulated January and September 2023 was 117,429.72, in the same period of 2022 the figure reached 196,829.96 tons. "The fall in 2023 - Maurino indicated - has to do with the impact of the drought, the exit of China from the purchasing market, which affected prices, plus other internal variables." For more detail, ...