…that, “the current price situation in the international market, around US$3,500 to US$3,800/tn. for whole milk powder, due to the presence of export duties and a highly delayed exchange rate for foreign currency settlement (BCRA wholesale dollar $136), it generates purchasing power well below current producer prices: $44/liter of purchasing power vs. a producer price of $53/liter in this month of August”, says the OCLA (Observatory of the Dairy Chain), according to its own estimates. The subject alarms because the dairy exports, which were around US$780 million during the first quarter, showed growth of 10.2% in volume; 37.57% in dollars, and more than 13% in equivalent liters of milk, during that period. Now, however, the trend would be reversing, due to higher domestic prices, and the drop in international prices (which had reached US$4,300/ton last May, some US$500-800 above the current level). Hence, the insistence that the levels of withholdings presented by the product be corrected, especially in the case of powdered milk (52% of total dairy exports) vs. the cheeses that face 5%. The fact is that a poor performance of these exports during the second half could represent a drop in foreign exchange earnings, which, annualized, were going to total more than US$1.5 billion, several hundred million dollars, something along the that the authorities are now paying particular attention to.
Source: Ambito
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