Milk Production in Argentina Bounces Back, Affecting Producer Prices
Source: dairynews.today
After two years of significant declines, milk production in Argentina shows signs of recovery, positively impacting the prices received by producers.
Following two years of considerable drops, Argentina's milk production is on the upswing, reflected in the improved prices producers are receiving. This resurgence occurs after a drought-induced crisis that impacted fodder production and cattle health.
February's milk supply from farms grew by 8% year-over-year, reaching 742 million liters, with daily averages increasing by 12%. The dairy chain's observatory anticipates a 6% rise in annual production, recovering past losses.
Preliminary March data indicates a 10% increase. Despite this, profitability remains under pressure due to inflation, with February's average milk price, reported by Siglea, being 448 pesos, marking a 53% year-over-year improvement but just a 1% increase from January against 2.4% inflation.
February's milk supply from farms grew by 8% year-over-year, reaching 742 million liters, with daily averages increasing by 12%. The dairy chain's observatory anticipates a 6% rise in annual production, recovering past losses.
Preliminary March data indicates a 10% increase. Despite this, profitability remains under pressure due to inflation, with February's average milk price, reported by Siglea, being 448 pesos, marking a 53% year-over-year improvement but just a 1% increase from January against 2.4% inflation.
