Argentina: The dairy industry increased its production by 3.4%

Published 2022년 1월 20일

Tridge summary

The Argentine dairy industry concluded December with a 3.4% year-on-year increase in processed volume and a 3% increase in exports, but domestic sales fell by up to 13%. The industry processed 1,046 million liters in December, finishing the year with over 11,000 million liters. Exports, mainly to North Asia and Oceania, accumulated 355,800 tons from January to November, with a turnover of USD1,280 million. However, logistical issues caused by a lack of containers are concerning. Domestic sales saw a decrease due to a price freeze and falling purchasing power, with fluid milk, powdered milk, and refrigerated and non-refrigerated milk being the most affected.

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

Original content

The dairy industry closed December with a 3.4% year-on-year rise in processed volume and a 3% increase in exports, according to official statistics. In parallel, sales in the domestic market failed to pick up and fell by up to 13%. According to industry analysts, producers received a better price for their raw material, but retail sales and consumption fell. According to the Observatory of the Argentine Dairy Chain (OCLA), the industry processed 1,046 million liters in the last month of 2021 and finished over 11,000 million liters, a figure that places it at levels similar to the previous year. Regarding exports, although they slowed down in the last quarter of the year, prices registered an upward trend, which allowed sustaining the entry of dollars. Between January and November, exports accumulated 355,800 tons, with a turnover of USD1,280 million. Within the volume sold, 36% corresponded to powdered milk; 16% to whey and 11% mozzarella and the main destinations were North Asia, ...

Source: Baenegocios