Brazil: Dairy and Products Annual
Link to report:
Post forecasts milk production in 2020 down 3 percent, to 23.5 million metric tons (MMT). Brazil’s 2020 factory milk consumption is also lowered, to 15.3 MMT due to continued economic contraction related to the COVID-19 pandemic. The outlook for 2021 is uncertain as the pandemic has spurred a major recession in Brazil. However, Post forecasts milk production will reach 23.8 MMT, which would represent an increase of 1.3 percent compared to 2020, as the country will try to recover its production levels.
