South Dairy Trade ARGENTINA:
The Argentine dairy market starts November with rising prices but lower export volumes
The first half of November (01/11 – 15/11/2024) shows mixed performance in Argentina’s dairy exports. The average price per ton reached USD 3,643.54, marking an increase of 1.65% compared to the second half of October (16/10 – 31/10/2024), when it stood at USD 3,584.47. This rise indicates a possible shift towards markets willing to pay more for higher value-added products.
However, export volumes dropped by 8.48%, decreasing from 15,018.91 tons in October to 13,744.90 tons in November. Additionally, the number of destinations fell from 33 to 28, suggesting a concentration on strategic clients or challenges in diversifying markets.
November kicks off with stronger price consolidation but reduced diversification and market reach—key aspects to watch closely in the second half of the month.
Whole Milk Powder:
- Price: USD 3,770.88
- Variation: 10% increase compared to the previous period.
- Exported Tons: 7,384.67
Skim Milk Powder:
- Price: USD 3,115.49
- Variation: 28% increase, standing out as one of the highest gains.
- Exported Tons: 99
Semi-Hard Cheese:
- Price: USD 4,514.43
- Variation: Slight 09% decrease.
- Exported Tons: 1,461.81
Hard Cheese:
- Price: USD 6,343.23
- Variation: Marginal 13% increase.
- Exported Tons: 55
Butter:
- Price: USD 6,050.09
- Variation: 08% increase, maintaining a high price level.
- Exported Tons: 75
ButterMilk:
- Price: USD 2,950.00
- Variation: Significant 83% increase.
- Exported Tons: 50
Permeate Whey:
- Price: USD 464.80
- Variation: 57% decrease, the most significant drop.
- Exported Tons: 20
Partially Demineralized Whey (D40%):
- Price: USD 998.68
- Variation: 47% increase.
- Exported Tons: 1,466.82
WPC 35% (Whey Protein Concentrate 35%):
- Price: USD 2,333.31
- Variation: 25% increase, aligning with the highest-growing products.
- Exported Tons: 01
WPC 80% (Whey Protein Concentrate 80%):
- Price: USD 7,750.36
- Variation: Notable 92% increase, leading the percentage gains in this category.
- Exported Tons: 60
Conclusion:
High value-added products, such as Whey Protein Concentrate (WPC 80%) and Skim Milk Powder, recorded the most significant increases, highlighting strong demand in these categories. Meanwhile, Permeate Whey faced a sharp decline, reflecting challenges in that subcategory.
South Dairy Trade URUGUAY:
The Uruguayan dairy market closes the year with exports driven by whole milk powder
The first half of December (01/12 – 15/12/2024) marked a strong performance for Uruguay’s dairy exports. The average price rose by 2.16%, reaching USD 3,656.55 per ton, solidifying a positive trend in product valuation.
Export volume grew significantly by 21.88%, increasing from 7,486.21 tons in the second half of November to 9,125.95 tons in December. This growth was led by whole milk powder exports, which rose from 5,673.86 tons to 7,129.10 tons, representing the main driver of the increase during this period.
The number of destinations, however, decreased slightly from 27 to 25, reflecting a strategic concentration on priority markets.
With these results, Uruguay enters the final stretch of 2024 showing strength in international dairy trade, driven by the competitiveness of its whole milk powder, a key pillar for the sector in the upcoming year.
Whole Milk Powder:
- Price: USD 3,663.90
- Variation: 15% decrease compared to the previous period.
- Exported Tons: 7,129.10
Skim Milk Powder:
- Price: USD 2,786.75
- Variation: 23% increase.
- Exported Tons: 00
Semi-Hard Cheese:
- Price: USD 4,874.84
- Variation: 64% increase, standing out among the cheeses.
- Exported Tons: 73
Hard Cheese:
- Price: USD 7,028.93
- Variation: 94% increase, the highest percentage gain among cheeses.
- Exported Tons: 52
Butter:
- Price: USD 6,215.47
- Variation: 53% increase, establishing itself as a high-value product.
- Exported Tons: 60
ButterMilk:
- No exports recorded in this period.
Partially Demineralized Whey (D40%):
- Price: USD 1,088.10
- Variation: Significant 26% increase, standing out among dairy by-products.
- Exported Tons: 00
Conclusion:
The period shows overall stability in prices, with moderate increases across most products. Partially Demineralized Whey leads the percentage growth, while whole milk powder recorded the only decline.
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