Finally it is published in the website of the Ministry of Agro-industry to the official data of milk production in Argentina and confirmed our estimate: the decline productive of the year 2016 on the 2015 was -14,2%.
Far away was the announced -10% , marking the 2016 fall year-on-year largest of the last 50 years (the previous one was -10% in the year 2002).
The crisis 2015/2016 not finished...and is much more serious than in the 2001...at that time the dollar was the trigger of the crisis, in this opportunity you will sum the dollar, the removed withholding corn enhancing significantly the supplementation, the international crisis of the dairy market and the energy...it's all compounded by the bad weather.
Marcos Snyder