See below the milk scenario in Mato Grosso
The milk market in Mato Grosso presents fluctuations, reflecting not only local issues, but also national and global trends. In this article, we will explore recent price movements, the challenges facing producers and the outlook for the sector.
In March 2024, the price of milk collected in Mato Grosso registered a drop of 2.80% compared to the previous month, reaching the value of R$1.89 per liter. This reduction, especially pronounced in the northeast region of the state, with a decrease of 17.07%, has been a blow to producers, directly affecting their profit margins.
The first quarter of 2024 revealed a challenging scenario for producers in Mato Grosso. With an average producer price of R$1.92 per liter, there was a drop of 13.71% compared to the same period of the previous year. This negative trend contrasts with the record prices achieved in the first quarter of 2023, highlighting the difficulties faced by the sector.
Despite the difficulties, it is important to contextualize the current situation. The average price of milk in the first quarter of 2024 was 1.72% higher than the average of the last three years, suggesting a certain stability amid market volatility.
The Imea index (ICAP-L) showed an increase of 0.98 percentage points in the first quarter of 2024 compared to the same period in 2023, reaching 59.60%. This increase in capture may indicate a positive reaction on the part of producers, seeking to compensate for the drop in prices.
In addition to the drop in prices, the price of mozzarella also registered a decrease of 10.23% compared to the first quarter of 2023, with an average of R$35.52 per kilo. This scenario, influenced by several factors, reflects the challenges faced throughout the production chain, with demand still weakened.
The sector scenario in Mato Grosso is challenging, but not devoid of opportunities. Producers face fluctuations in prices and demand, but they also demonstrate resilience and adaptability. See more news about the sector by clicking here.
Financial market
- Price paid: in the same price movement in Mato Grosso, the price of industrial butter. fell 5.27% in March compared to February, reaching an average of R$36.28/kg in the state;
- Up: given the increase in the price of milk in “Brazil Average” and drop in Mato Grosso, the base differential between the squares rose 51.37% compared to February, with the indicator standing at -R$ 0.44/liters;
- Exchange ratio: the exchange ratio between milk and soybean meal rose 2.73% compared to February, reaching 885.32 l/tonnes. This scenario was the result of the more significant drop in the price of milk (-2.80%) compared to the input (-0.14%).
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