Tridge summary
In August, U.S. dairy exports experienced a significant growth, with a 17% increase in volume and an 11% increase in value compared to the same period last year. This surge has contributed to a positive trade balance for the month, the second such occurrence in 2020. The U.S. Dairy Export Council reports that Southeast Asia and China are emerging as major markets, with notable increases in exports of nonfat dry milk, cheese, and whey products. Despite these positive trends, there are challenges such as underperforming sales to Mexico and a decline in lactose exports. The National Milk Producers Federation is tracking assisted sales through its Cooperatives Working Together program. Additionally, the article discusses the export of U.S. dairy replacements and hay, as well as a new Memorandum of Understanding between the USDA and the FDA aimed at boosting dairy exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
August was another strong month for U.S. dairy exports, sustaining double-digit growth in both volume and value compared with a year ago. That helped push the overall August ag trade balance into positive numbers for just the second month in 2020. Here’s an update on the U.S. ag export categories tracked by Progressive Dairy and a summary of other trade news. Dairy products Southeast Asia and China continued to emerge as bright spots for foreign sales, according to the U.S. Dairy Export Council (USDEC). Volume basis: U.S. dairy export volume (milk solids basis) grew 17% in August (versus the previous year), putting year-to-date volume up 16%. Most major product categories booked strong gains in August. U.S. suppliers shipped 190,435 tons of milk powder, cheese, whey products, lactose and butterfat – a record for the month. The August increase capped a full year – 12 straight months – of year-over-year increases in aggregate U.S. dairy export volume. With the aid of competitive ...
Source: Progressivedairy
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