As time passed since the beginning of the pandemic of COVID-19 to the beginning of the year in China, you begin to see a picture very best that we noticed in the beginning. The values for the milk powder and dairy more exported from Argentina (approximately 60% of the volume), collapsed and futures markets marked 2.500-2.600 US$/ton FOB Oceania with which our exports were frozen. According to the data from New Zealands Exchange (NZX), we see permanent improvements and in the last already mentioned values of 2.820 US$/ton for September and October 2020. If the trend is maintained, for the spring we will be with values similar to the average 2019. By the side of the kind of change the ROFEX expected 81 $/US$ for October...and it is also a fact encouraging the fall of the dollar in Brazil that having arrived at 6 $A/US$ was around 5.
According to data of the MINAGRI, in 2019 the powdered milk I represent 46% of the exports of dairy argentines who were 20% of the total produced. This means that exported the 9-10% of the volume of milk produced (in equivalent litres) like milk powder.
[twitter-follow screen_name=’dairylando’]
