Global market overview of key dairy products: Whey powder

Published 2023년 7월 10일

Tridge summary

The global dairy market has been experiencing an imbalance in supply and demand, leading to a surplus of raw milk that needs to be transformed into exchange positions. Cheese production has increased in export-oriented countries, resulting in a higher supply of whey. However, the demand from China, the main consumer market for whey, has dropped, contributing to the downward trend in prices. Despite China's return to the market, Ukraine has been unable to increase its whey exports significantly due to pricing challenges and expensive logistics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As noted in the material on dry skimmed milk, the balance of the world dairy market tilted in favor of supply in the second half of last year. After fixing record price levels in the first half of 2022, the value of exchange-traded dairy products began to decline rapidly. A similar trend is observed for serum, but, unlike other goods, its price has not stabilized and continues to decrease. Why have the prices of dry whey not stabilized yet, unlike other products? The disproportion of the dairy market generated surpluses of raw milk and required their transformation into exchange positions. Comparing the economic effect of the production of SZM/butter or cheese/whey pairs, the choice of the vast majority of regions was inclined to the second option due to the growth and stability of cheese prices (especially in retail, where general consumer inflation raised the price tags of finished dairy products to new heights). Thus, cheese production in export-oriented countries has ...

Source: MilkUA