Brazil’s Spot Milk Price Fell Nationwide to R$2.645

Brazil’s spot milk market began October with a lower national average, according to information published by Paracatu Rural and reproduced by eDairyNews. The price reached R$2.645, representing a reduction of R$0.145 compared with the preceding fortnight.

The movement covered all the states included in the monitoring. The source described the opening of the month as a period of broad downward pressure on spot quotations, rather than a decline limited to one regional market.

The largest fall among the states cited occurred in Minas Gerais. Its average price stood at R$2.709 after decreasing by R$0.215 from the previous fortnight. Minas Gerais therefore recorded both a lower price and a larger adjustment than the national average.

São Paulo also registered a negative adjustment. Its average ended the fortnight at R$2.904, following a decrease of R$0.141. The figures for the country as a whole, Minas Gerais and São Paulo were presented as indicators of the range of prices and reductions observed at the beginning of October.

The account linked the lower spot quotations to an environment of greater milk availability. It also reported that prices for dairy products had declined, particularly for UHT milk and mozzarella. These developments were described in the source alongside the retreat in spot-market prices.

As a result, the start of October was marked by lower prices for milk traded on Brazil’s spot market in every monitored state. The reported national average was R$2.645, while the averages cited for Minas Gerais and São Paulo were R$2.709 and R$2.904, respectively. The figures and market description were published by eDairyNews using information from Paracatu Rural.