CEPEA: Dairy imports grew 14.5% in one month
Jun, 18, 2021 Posted by Ruth HollardWeek 202125
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
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