CEPEA: Dairy imports grew 14.5% in one month

Brazilian dairy imports grew 14.5% in May compared to the previous month, totaling 8.4 thousand tons, according to the Center for Advanced Studies in Applied Economics (CEPEA – ESALQ/USP). According to the June Milk Bulletin, the scenario reflects the low availability of raw material in the country, intensified by the off-season production in the Southeast and Midwest. The 5% drop of the dollar against the real in May also stimulated foreign purchases.

Imports of powdered milk reached 4.18,000 tons last month, 26% more than in April and 49.7% of the total volume of dairy imports in the period. The average price of the product was US$ 3.17 per kilo, 5% higher than in April.

The chart below was compiled using DataLiner data and shows the history of dairy imports and exports:

Brazilian Dairy Import and Export | Jan 2019 to Apr 2021 | WTMT

Graph source: DataLiner  (To request a DataLiner demo click here)

The bulletin also informs that the country imported 1,900 tons of cheese – 22.7% of the total and 3.2% more compared to April. The biggest supplier was Argentina. The average price was US$ 8.21 per kilo in May, down 7% compared to April.

According to CEPEA, sector exports decreased 22% in May, to 3,810 tons.

Source: Valor Econômico

To read the full original article, access the link below:

https://valor.globo.com/agronegocios/noticia/2021/06/17/importacao-de-lacteos-cresceu-145percent-em-maio-diz-cepea.ghtml

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