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Samuel Padilla (312) 492‐4250 sap@ricedairy.com 135 S. LaSalle St. | Suite 3000 Chicago, Illinois 60603 www.ricedairy.com

Latin American Milk Production 3/24/2014 Chile Milk Production Thousand Liters

250,000 200,000  150,000  100,000  50,000  ‐

Jan 2014 vs.  Jan 2013 

0.00% ‐0.50% ‐1.00% ‐1.50% ‐2.00% ‐2.50% ‐3.00% ‐3.50% ‐4.00%

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2012

196,315

167,975

179,337

170,253

155,169

131,461

128,727

145,126

175,782

218,048

227,096

223,792

2013

211,488

170,312

181,825

166,743

153,732

131,927

129,918

146,454

173,050

221,735

232,321

229,646

2014

203,922 170,274 

179,560

166,857

154,447

132,785

129,848

144,438

171,267

216,398

227,816

225,461

3 Year Avg 204,837  Y.O.Y

‐3.58%

Thousand Liters

Uruguay Milk Production 250,000 

6.00%

200,000

5.00% 4.00%

150,000

3.00% 100,000

2.00%

50,000 ‐

1.00%

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2012

160,810

135,470

142,288

146,530

157,793

158,567

164,333

169,123

184,186

192,859

176,420

167,897

2013

156,146

121,185

141,299

138,931

158,545

167,178

174,261

185,867

194,826

218,995

202,745

185,533

2014

165,035

123,760

3 Year Avg

149,282

122,048

134,029

136,021

153,021

157,267

164,565

174,575

188,587

205,895

188,362

176,555

Y.O.Y

5.69%

2.12%

0.00%


Latin American Milk Production

Top Producing States Jan 2014 vs.  Jan 2013

Thousand Liters

Colombia Milk Production 300,000 

12.00%

250,000

10.00%

200,000

8.00%

150,000

6.00%

100,000

4.00%

50,000

2.00%

3/24/2014

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2012

228,192

218,538

239,656

216,201

266,139

247,100

253,317

263,872

241,280

239,145

252,081

236,190

2013

250,657

224,955

227,373

253,276

282,984

263,962

274,629

276,850

250,287

277,257

257,338

268,469

2014

278,346

3Year Avg

245,151

215,873

235,170

232,352

261,396

254,489

258,778

257,207

244,083

246,863

242,204

246,231

Y.O.Y

11.05%

0.00%


Mexico Milk Production February 2014

Top 15 Producing States       Sources:  ( Feb 2014 vs. Feb 2013)

SIAP, ODEPA, MGyPA, CEPEA

Samuel Padilla (312) 492‐4250 sap@ricedairy.com 135 S. LaSalle St. | Suite 3000 Chicago, Illinois 60603 www.ricedairy.com

February Latin American Milk Production