United States: Dairy exports down slightly in March

Published 2023년 5월 5일

Tridge summary

U.S. dairy exports in March saw a slight decrease of 0.4% from the previous year, marking the first decline in over a year, according to the U.S. Dairy Export Council. This drop is attributed to increased competition, inflation, economic uncertainty, and decreased demand from China. Despite these challenges, the first quarter saw growth in value and volume due to strong exports in January. There was, however, good news in the form of a 23% expansion in U.S. export sales to Mexico, Central, and South America, as well as the Caribbean. These regions saw significant increases in nonfat dry milk, skim milk powder, and cheese sales, and the U.S. also set a record for exporting whey protein concentrate in March.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The U.S. Dairy Export Council says year over year U.S. dairy exports for March were down four-tenths of a percent. It’s the first dip in milk solids equivalent exports in a year. Strong U.S. exports in January allowed the value and volume to grow for the first quarter, but increased competition, inflation, economic uncertainty, and lower Chinese demand are impacting the market. There was some good news in the USDEC report. Export sales to Mexico, Central, and South America, and the Caribbean regions expanded by 23%. Sales to these areas were highlighted by 37% increases in nonfat dry milk and skim ...

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