{"id":50709,"date":"2022-11-07T14:03:30","date_gmt":"2022-11-07T01:03:30","guid":{"rendered":"https:\/\/www.farmersweekly.co.nz\/?p=50709"},"modified":"2022-11-07T14:03:31","modified_gmt":"2022-11-07T01:03:31","slug":"argentinas-production-ramps-up-while-exports-still-linger","status":"publish","type":"post","link":"https:\/\/www.farmersweekly.co.nz\/markets\/argentinas-production-ramps-up-while-exports-still-linger\/","title":{"rendered":"Argentina\u2019s production ramps up while exports still linger"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>\n

Argentina\u2019s September milk production increased 0.3% YoY, continuing recent trends. YTD this brings Argentina\u2019s production up by 0.7%, and from August, the figure sits 4.4% higher. Processing has declined with August\u2019s figures showing a decline of 5.9%. This is on top of the decline of milk processing into whole milk powder (WMP), which has declined 18.8% YoY.<\/p>\n\n\n\n

The domestic milk price continues to increase with the current milk price sitting at AR$771.17\/kg MS, despite the increase of nearly AR$30\/kg MS, the strength of the USD has the figure declining 10c\/kg MS when converted into USD, at US$4.89\/kg MS.\u00a0<\/p>\n\n\n\n

While September and August production increased, production declines in June and July have followed through into exports, with September\u2019s exports reporting a decline. Total dairy exports out of Argentina in September, declined by 5% YoY; however, strong exports earlier in the year have the nation sitting up by 8% YTD. From a value perspective, total dairy exports increased 11%.<\/p>\n\n\n\n

Milk powders had mixed results with WMP reporting a decline of 10% YoY, while SMP reported a significant increase of 56% YoY. North Africa drove the WMP declines with a decline of 62% YoY, while South America drove SMP increases, up 134% YoY. <\/p>\n\n\n\n

Both milk fats also declined, with AMF un-exported in September, while butter declined 26% YoY. Butter declines were driven by a decline of exports headed to Russia, with the nation taking 85% less YoY. <\/p>\n\n\n\n

Cheese and whey also experienced varied results in September, with cheese increasing 4% YoY, while whey declined 22% YoY. South America increased their purchases of both of these commodities, up 20% and 23% YoY respectively. <\/p>\n\n\n\n

From a value perspective, SMP had the largest gain, up 103% YoY.<\/p>\n","protected":false},"excerpt":{"rendered":"Cheese and whey also experienced varied results in September.\n","protected":false},"author":21,"featured_media":42214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[28,63,97],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t