Two analyzes on the Inale portal: one excites, the other disturbs

In the last days the National Milk Institute (Inale) revealed two reportson its website, which They contrast because one is a reality that generates optimism for the sector and the other because it accentuates discouragement..

On the one hand, one of the analyzes indicated a consistent increase in foreign exchange earnings from exports of dairy products. As was the case throughout the past year, too So far in 2022, more and more money is coming in from the sale of powdered milk, cheese and butter.

Secondly, data was released that establishes that there is a constant fall in the international values ​​of dairy products, the fifth consecutive droptherefore it is a problem that has spread over a period of more than two months.

more dairy cows

These news, about the rise in export revenues and the fall in international dairy values, coincided with the disclosure of another statistical data, in this case promoted by one of the unions that bring together milk producers, reporting growth in the national dairy rodeo. The National Association of Milk Producers (ANPL) indicated that this year the Ministry of Livestock, Agriculture and Fisheries (MGAP) received more than 89,000 affidavits and that in the total estimated by species, the number of dairy cattle stands out, which amounts to to 724,889 nationwide. This category stands out for being the one that obtained the highest percentage of increase (2%) in relation to other species.

Two analyzes on the Inale portal: one excites, the other disturbs

Holando, the base breed of the national dairy.

More billing for exports

The turnover generated by Uruguayan exports of dairy products improved 22% in the first seven months of 2022, compared to that achieved in the same period last year.

A report prepared by Inale technicians revealed that, considering a set of four items, in January-July it was exported for US$ 490.2 millionbased on data from the National Customs Directorate (DNA).

Considering the accumulated income in the initial seven months of 2022, in relation to that section of last year, in the case of whole milk powder there are no changes, but there have been increases in the other items: 259% in milk powder skim, 5% cheese and 22% butter.

If the reading is made on the volume placed, in those seven months 109,232 tons were exported and, compared to the same period in 2021, there was a 15% drop in whole milk powder, an increase of 190% in powdered milk skimmed, a drop of 5% in the case of cheese and there was an increase of 72% in butter.

Whole milk powder continues to be, by far, the most exported product: 69,432 tons so far this year, 63.5% of the total shipped, generating income of US$ 278.2 million, 56, 7% of the total obtained.

In relation to the average prices achieved, based on the comparison of the accumulated in 2022 to July and the same period of 2021, it improved 17% in whole milk powder, 24% in skimmed milk powder, 11% in cheese and 39% in butter.

Finally, considering the most recent, that is, only what happened with the businesses corresponding to July of this year, the average prices were:

  • US$ 4,188 per ton of whole milk powder
  • US$ 4,095 per ton of skimmed milk powder
  • US$ 5,032 per ton of cheese
  • US$ 6,470 per ton of butter

The destinations

The Inale report also revealed that considering the last 12 months (moving year) 29% of exported dairy products went to Algeria, 17% went to China, 16% to Brazil, 6% to Russia, 3% to Mexico and the rest (29%) to other markets.

Algeria was the main destination for whole milk powder (39% of the total shipped) and for skimmed milk powder (51%); Mexico and Brazil lead in cheese (21% of the total each); and Russia for butter (37%).

Two analyzes on the Inale portal: one excites, the other disturbs

Export whole milk powder.

The bad news: the price

The second August tender on the Global Dairy Trade dairy trading platform (led by the New Zealand company Fonterra) concluded with another adverse record, a drop of 2.9% in the average price (considering all products) with respect to the initial tender of the month, with a value that remained at US$ 3,768 per ton.

This happened based on 30,326 tons sold (to 162 participants), a volume 10.3% higher than that of the instance carried out 15 days before.

In the case of whole milk powder, the product that Uruguay exports the most, the drop was 3.5% leaving the average at US$ 3,417 per ton.

The indicated drop of 2.9% is the fifth consecutive fall.

To find an upward movement, you have to go back to June 22, when there was a slight improvement of 1.5%.



Source link

Previous Story

Dollar today: how much foreign currencies are trading this Monday, August 22

Latest from Uruguay