Argentina: Dairy and Products Semi-annual

The prevailing extraordinary factors make it difficult to estimate exports for the rest of the year and the coming year. Other factors have been added to the recurrent volatility of the international dairy market. On the one hand, China needs milk, but has introduced confinement measures in its two largest cities, Beijing and Shanghai, the engines that drive much of the nation's economy, in an intransigent attempt to end the outbreaks of covid-19. On the other hand, the economic restrictions imposed on Russia complicate imports, since Russia is the second largest importer of dairy products in the world. The issue of containers is still in force, affecting mainly Europe (where the price of powdered milk had grown the most). In addition to all the impact of this on the increase of cereals, this added cost to primary milk production worldwide.