Material ledger period data for &1 prevent archiving

What causes this issue?

Material ledger period data for &V3& &V1& requiring data in extract
table for fiscal year &V2&.

System Response

Extract data for &V3& &V1& are not written to archive.

How to fix this error?

First archive material ledger period data with archiving object
CO_ML_DAT.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.