Argentina's dairy exports increased by 24% in the first quarter of this year

Fri, 05/06/2022 - 17:27

Argentina's dairy exports exceeded 100,000 tons in the first quarter, a year-on-year increase of 2.9%, thanks to the rise in global food prices, according to Argentina's financial circles on April 28; The export volume was 394 million US dollars, a year-on-year increase of 24%. Among them, milk powder accounted for 52.1%, butter and sweet milk sauce accounted for 22.5%, cheese accounted for 16.7%, yogurt and lactose accounted for 8.7%. Algeria, Brazil, Russia, Chile, China and the United States are the main export target countries of Arab dairy products, accounting for 34.6%, 16.1%, 15%, 6.5%, 3.6% and 3.6% respectively. The report pointed out that in recent months, due to the decline in purchasing power, the sale of dairy products has become more "primary". People are more willing to buy ordinary milk than products with added value such as desserts, yogurt and cheese. This trend urges the Arab dairy industry to pay more attention to cost control and avoid the transmission of price increases to the shelves of consumer goods.