So far this year, Uruguay exported powdered milk for US$ 287.7 million

Published 2024년 8월 14일

Tridge summary

Dairy product exports from Uruguay experienced a decline of 9% in July compared to the same month in 2023, as reported by the National Milk Institute. This decrease was largely due to a drop in whole milk powder exports, despite Uruguay's shipment of 12,738 tons to countries like Uzbekistan and Mexico. Other dairy products such as skimmed milk powder, cheeses, and Maneca saw mixed results in export volumes and revenues. The Agriculture and Horticulture Development Board forecasts that global milk production will remain stable from September 2024 through the end of the year. The export demand for these dairy products has seen a decline due to reduced import activity from China, but prices have recently recovered, helping to improve margins for exporters.

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

Original content

In July, dairy product exports fell by 9% compared to the same month in 2023, reported the National Milk Institute (Inale). The most exported product, in volume as foreign currency generated, was whole milk powder, which was also the one that fell the most in volume as income (dollars). Indeed, of whole milk powder, Uruguay exported 12,738 tons in July for US$ 45.3 million. In the annual accumulation, there were 82,751 tons (6% less than in the same period of 2023); for US$ 287.7 million (-13%). Skimmed milk powder sold abroad in July totaled 1,546 tons, for US$ 4.6 million. In the year, 10,434 tons (42% more than in the accumulated 2023), for US$ 31.2 million. (14% more). In cheeses, 1,370 tons were exported in July alone, for US$ 7 million. So far in 2024, there were 13,246 tons, which meant US$ 65.5 million (-2%). Maneca, another of the dairy products that Uruguay sells the most abroad, had a sale of 1,172 tons in July, for US$ 7 million. In total so far in 2024, 6,421 tons ...

Source: Agromeat