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Source: US Department of Agriculture Foreign Agricultural Service

Post forecasts dairy production to increase by 2 percent in 2020, mostly driven by higher exports of dairy products and an increase in domestic demand attributed to economic improvement. The outlook for the Brazilian economy in 2020 is cautiously optimistic after a period of recession. The increase in production is driven by high demand for fluid milk used for dairy products, such as sweetened condensed milk and cheeses.

Brazil: Dairy and Products Annual