Quarterly Argentina Milk Production Update – Jan ’21
Executive Summary Argentine milk production figures provided by the Argentina Ministry of Agriculture were recently updated with values spanning through the first seven months of the ’20-’21 production season. Highlights from the updated report include:
- Argentine milk production increased on a YOY basis for the 18th consecutive month during Dec ’20, finishing up 6.9% and reaching a five year high seasonal level.
- USDA is estimating the Argentine dairy cow herd rebounded by 0.8% throughout 2020, while the Argentine dairy cow herd is projected to increase by an additional 0.3% on a YOY basis throughout 2021.
- Argentina is the fifth largest global dairy exporter, accounting for 2.8% of combined butter, cheese, nonfat dry milk and whole milk powder exports throughout 2019. The bulk of Argentine dairy exports are in the form of whole milk powder and cheese.