Analyzing the economic affairs of the drums managed for the last financial year closed period jul 2020/jun 2021, we look at results rather inferior to the exercise 2019/2020 mainly due to the drift in the price of milk with respect to concentrated in terms of purchasing capacity Kg maize per Litre Milk fell -14% between the start and end of the management.
Also we put together a projection estimated us east with respect to the economic management course that kicked off in July 2021 and will close in June 2022.
Argentina transits in a time of uncertainty in economic matters generated by the unknown, with respect to the agreement with the International Monetary Fund (IMF), streaky this with the internal politics of the ruling party. In this context there are many scenarios, and the same amount of economic predictions generated by the specialists in the field. Making a summary of those forecasts that seem most reasonable and also considering the futures markets today we have put together the following chart with a likely evolution, to June 2022, of economic indicators, with strong impact on the dairy activity:
Our interpretation of this information is that the price of milk (average SIGLeA), would continue during the next few months, with a value greater than the cost of production (average INTA)as has been observed in the first few months of this management (from July 2021 to November 2021). The relationship of the milk with the corn will enhance a +9% in her purchasing power, while on the side of the soybean (rent) would remain the same. With what is to be expected that the economic management 2021-2022 (green line) would close with a best result of lousy year 2020-2021 (red line).., something more akin to the exercise 2019-2020:
