Period: November 13 – 24, 2017
Over the past few weeks, the Mercosur bloc and the EU have been developing rounds of negotiations for the eventual signing of a trade agreement. The EU requests the exclusivity of some geographical indications (GIs) for cheese, and the Uruguayan government opened a 30-day public consultation in order to gather inputs from the public to avoid any possible conflicts between the European GIs and the cheese names used in Uruguay.
In Argentina and Uruguay milk production is steady to slightly down on a monthly basis, after reaching its seasonal peak. The retail and food service demands for bottled milk, cheese, and butter are hearty.
The UHT milk prices are falling in Brazil, while inventories continue growing. Milk deliveries are more than sufficient to cover most manufacturing needs. Therefore, the dependence on imports of dairy products from neighboring countries continues to decline, also for WMP.
WMP production is very active, prompted by higher milk deliveries throughout the region. The bottom of the price range decreased, in line with the most recent trends at the GDT.
Most processors are focusing on converting heavy condensed volumes into WMP, which is limiting SMP production. Inventories for SMP are mostly in balance with buyers’ needs, and some export transactions pushed up the bottom of the pricing range.
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CLAL.it – Milk Deliveries in South America
Source: USDA summarized by the CLAL Team
Note: assessments about market trend are expressed in US$
More informations about dairy market in Argentina, Brazil and Chile are available on CLAL.it
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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.
