Drop in Milk Prices Hits Costa Rica

The international price of milk decreased by 60%, impacting Costa Rican dairy producers.

Thursday, March 26, 2009

The decline in world prices is attributed to a decline in product demand, a consequence of the crisis.

According to an article published in Nacion.com, Erick Montero, executive director of the National Chamber of Milk Producers, “warned that the sector faces two other problems: the impact of the rains in February and the high cost of raw materials, making it difficult to reduce the local price."

More on this topic

Costa Rican Milk Enters Venezuelan Market

June 2012

The Cooperative of Milk Producers of Dos Pinos has started dairy exports to Venezuela, the tenth market in which it will place its products.

In the first year the company will export 240 containers of UHT (long life) milk, equivalent to about $5 million, without ruling out short-term increases in export volumes.

$5 Million for Milk Processing Plant

July 2009

Costa Rican Cooperative Dos Pinos and Panamanian Cooleche, will install a new plant in the Chiriquí Province, Panama.

The new plant will process quality milk at very high temperatures, allowing its conservation for a period of six to eight months.

Coopeleche president, Belisario Contreras, indicated that they are currently analyzing funding, and they expect the new plant to start operations in six months.

Dos Pinos in Panama since December

January 2009

After the Costa Rican Dos Pinos company and the Panama Diary Cooperative are joined up, the Dos Pinos brand will be produced, manufactured and sold in Panama.

According to pa-digital.com.pa:"The cost of the investment by COOPRALAC was $2 million; 51% of the shares belong to Dos Pinos and 49% to COOLECHE."

Costa Rican company's project 'could raise milk prices in Nicaragua'

July 2008

Plans by Costa Rica's Dos Pinos Cooperative to build a US$6 million dairy products plant in Nicaragua could lead to higher milk prices there, Nicaraguan companies claim.

Besides Nicaragua, Dos Pinos is planning projects in Guatemala and Panama because Costa Rica's milk production is not growing fast enough to meet demand.