The Argentine dairy sector is not competitive due to withholdings

Published 2023년 9월 3일

Tridge summary

The Argentine dairy industry is facing challenges due to tariffs and increased costs, according to Flavio Mastellone, a shareholder of Mastellone Hnos. He emphasized the need to address inequalities in the industry and the importance of the export market. Despite the current difficulties, Mastellone sees positive prospects for the dairy business in Argentina, with plans to allocate 50% of production for export in the next five years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(NAP) The Argentine dairy industry is not competitive because every time it has to go to foreign markets it must pay a 9% tariff in withholdings, in the case of powdered milk, while cheeses are taxed at 4.5%. %. To this must be added the increase in costs with the implementation of the agricultural dollar (corn) that was in effect until the end of August with the increase in the cost of materials and an international price for dairy products that operates downwards. This is how Flavio Mastellone, shareholder of Mastellone Hnos, the firm that owns the main shareholding of La Serenisima, sees it, who shared a talk with a group of journalists from the Association of Agri-Food Journalists of CABA (La Porteña), in which he analyzed the moment by which the national dairy industry passes, after a tour of the General Rodríguez industrial plant, Buenos Aires. “We are not competitive. That 9% hurts, because it is difficult to see that that percentage is received by a single line of the ...

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