São Paulo, 1 – The price of milk collected in October and paid to producers in November dropped 6.2% compared to September, to R$ 2,1857/liter in the net “Brazil Average”, according to a survey by the Center for Advanced Studies in Economics Applied (Cepea/Esalq/USP). “This is the second consecutive fall in prices in the countryside, and now the accumulated variation in 2021 (from January to November) is, for the first time this year, negative, at 5%, in real terms”, said Cepea in note.
In comparison with October 2020, the price drop is 2.5%, in real terms (data deflated by the IPCA for October/21).
The Milk Capture Index (ICAP-L) dropped 0.87% in the “Brazil Average” between September and October. “These data show that, even with the return of spring rains, which favor the availability of pasture, milk production remains limited this year due to the increase in production costs and consequent disinvestment in the activity”, highlighted the study center.
Also according to Cepea, from January to October, the purchasing power of the cattle raiser in relation to corn retreated, on average, 29.5%. “Last year, while the dairy farmer needed, on average, 33 liters of milk to purchase a 60 kg sack of corn (based on the ESALQ/BM&FBovespa Indicator, Campinas – SP), in 2021, 43 liters are needed for the same purchase.”
The Cepea survey also shows reductions in October compared to September of 6.8%, 4.9% and 2% in the average prices of UHT milk, mozzarella and powdered milk, respectively, sold by industries with wholesalers in the state of São Paulo. “The spot milk negotiations in Minas Gerais also lost momentum in October, and values fell from R$2.34/liter in the first fortnight to R$2.14/liter in the second (down 8.6%). This devaluation movement continued, and spot milk reached an average of R$ 1.96/liter in the second half of November.”
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