Research by Cepea, from Esalq/USP, shows that the "Brazil Average" price of milk to producers rose 5.43% in February 2026, closing at R$ 2.1464/liter, registering the second consecutive monthly increase. However, the price is still 25.45% below that recorded in February 2025, in real terms (values ​​were deflated by the IPCA of February 2026). :: Lower milk supply in the field raises wholesale prices of dairy products in São Paulo. Prices of dairy products continued to rise in March, according to research by Cepea, conducted with the support of OCB (Organization of Brazilian Cooperatives). This movement was linked to the appreciation of raw milk, which, in turn, was driven by the reduction in supply in the field – a reflection of seasonality and the moderation of investments in the activity – which intensified industry competition for raw materials. :: Imports and exports advance in March, but trade balance deteriorates. Both Brazilian dairy imports and exports increased in March, with acquisitions advancing more significantly. According to data from Secex analyzed by Cepea, imports rose 33.3% compared to February, reaching 242.65 million liters of Milk Equivalent (EqL). Shipments, in turn, registered a more modest increase of 11.2%, totaling 5.6 million liters EqL. :: Increase in agricultural costs impacts the Effective Operating Cost (EOC) of dairy farming. Despite the stability in feed prices, the increase in expenses related to agricultural operations drove a 0.46% increase in the Effective Operating Cost (EOC) of dairy farming in the "Brazil Average" in March. With this result, the first quarter ended with an accumulated increase of 2.11% in the EOC.

This text was translated by machine from Brazilian Portuguese.