RAW MATERIALS. The year was marked by maintaining the LPE with high prices.
The Global Dairy Trade auction this week again marked an upward trend and confirmed what has been going on in the reference dairy market (Fonterra / New Zealand) for two months. Event # 296 average increases of 1.9%, trading with the Whole milk powder US $ 3,987 / t, almost in the record range this year when it exceeded US $ 4,000 / t. Something that will also be ratified on the futures markets for the next few months.
The raw material that gained the most was butter, which closed at US $ 5,534 / t (+ 3.5%), while the other products (Descreamada Powder, Chedar Cheese) also continue to have firmness and values that are among the highest in the world last five years.
“It should be noted that the prices of dairy products in general, the above historical average (US $ 3,209 / ton in the 13-year series) for Argentine exports were not reached the year, with many frozen prices in the domestic market and with reduced consumption due to the sharp deterioration in the purchasing power of the average income of the population, “analyzed the OCLA- Observatory.
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