Slow recovery of the price...

Morro espejoThe prospects for recovering the global production are not encouraging. The problem of the drums affected by waterlogging is added to the precarious situation in which a good part of the large local industry that do not react to the perceived scarcity of milk.

To give an idea of the magnitude of the stagnation, we compare in the chart Relative recovery of the price, the relative evolution of the price received by the tambero in the 28 months of the last two crises:

Recuperacion del precio

Does not seem reasonable to attribute the slow recovery of the local price in the international market of milk and whey powder (in 2016, the milk powder -36%-, whey powder -22%- and the skim milk powder -16%-, accounted for 74% of the total exported volume). In the graph Producer price and FOB Price LPE (milk powder), we observed the evolution of the values of a series of 17 years, covering two periods of the last crisis. Although there is a high correlation between the two series (r2= 0,87) the evolution of the external market in the crisis of 2001, he was with a slope much less marked than the current one.

Precio productor y LPE

 

Marcos Snyder

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