BRAZIL – Further proof of a five year dairy price high has been announced by the Centre for Advanced Studies in Applied Economics as shortages of dairy supplies have caused price volatility through May.
The average Brazilian dairy farmer is currently receiving 0.9854 reals per litre which is 3.5 per cent up on April.
Analysts at CEPEA (Centre for Advanced Studies in Applied Economics) say this increase is attributable to milk buying figures dropping. The largest fall in milk deliveries was seen in southern regions – down 5.5 per cent.
This is because of continued low production due to scarcity of cattle feed.
Value added markets have also taken a hit as traders look to increase prices to reduce sales.
UHT milk is valued at 2010 reals per litre and Mozzarella cheese is priced at 11.98 reals per kilo, an increase of 1.3 per cent and 1.6 per cent on April figures.
TheCattleSite News Desk