China imports...

China sigue traccionando el mercado de lácteos mundial. La incertidumbre sobre el impacto de la pandemia COVID-19 sobre la economía china se va disipando.

Being the first importer of dairy products on the planet, to such a point comes the importance of the demand of the asian giantthat desconfiguró the historical relationship of the price of the milk powder (LPE) with the oil. Today, even with the barrel at US$ 40 and out of the pandemic, the milk powder is traded close to 2,800 US$/ton Oceania (without China's demand in this situation, the price of the SBA would be under 2,000 US$/ton).

Projecting the import data for the period January-may 2020 on previous year looms that China will increase the total imports in 2020, marking a new historical record. The SBA as a whole, with 688.000 ton, it would have a historic level of imports.

Marcos Snyder

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