Argentina: Dairy and Products Semi-annual
Post forecasts Argentine milk output for calendar year (CY) 2016 to reach 11.62 million tons, a one percent decrease from USDA’s CY2015 estimates. Post estimates Argentina’s milk production for CY2015 at 11.39 million tons. Total exports of dairy products in CY2015 are estimated at 271,000 metric tons (MT). Because domestic consumption is relatively stable, virtually all the increase in milk production goes directly to the production of commodities and products for export. During the period of August-December 2014, Argentina increased the volumes of cheese shipped to Russia by 273 percent, but those huge sales stopped after Russia’s devaluation in December 2014.
