Drop of Milk: Brazilian Spot Market Price
BRAZIL - Brazilian spot market milk price has dropped for the fourth consecutive month.
26 September 2008
1 minute read
Considering the average price in the State of São Paulo, Minas Gerais and Goiás, on September the drop was of 6,87% when compared to August. According to Scot Consultoria, negotiations occur on an average price of R$0,65/liter.
Minas Gerais is the State that presented the largest average: R$0,67/liter, while in São Paulo and Goiás the liter is negotiated at and average of R$0,62.
Scot Consultoria reveal that since May, the peak of prices on 2008, the accumulated drop on prices sums 24,59% in the average from the three states.
Prices started to decrease due to the larger milk supply and slow dairy Sales.
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