The European Union has cut exports of most dairy products

Published 2021년 12월 21일

Tridge summary

The 'Agroexport' review reveals that the European Union (EU) has experienced a decline in milk yields, leading to a rise in the production of various dairy products, excluding processed milk. This decline has necessitated additional imports of dairy products, especially from South America, to offset the shortfall. The loss of the Algerian market to Western European milk powder producers has led to a shift in export strategies, with an increase in exports to the United States and expanded exports of European whey in East Asian markets. The withdrawal of the UK market and the impact of global logistics issues have affected the export dynamics of various dairy products and oil exports from the EU.

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

Original content

The reason was both the increase in demand within the European Union (SPM, oil) and global problems in export logistics (rising freight costs, delays in cargo handling by ports). This is stated in the review "World Market: Dairy Products", prepared by "Agroexport", writes The DairyNews. For 9 months of the year, milk yields in the EU countries did not increase to last year's level and amounted to 110 MMT, while the production of all exchange-traded dairy products increased, except for processed milk: + 14% SPM, + 24% CHM, + 2% butter, + 5% cheese, -1% processed milk. The decline in the production of processed milk (with its stable domestic consumption) has forced EU countries to import additional goods from abroad (+39 TMT). Export demand grew for supplies to China, South Korea, South Africa and Mauritania (+40 TMT - total export growth). A significant share of exports in the domestic market of Algeria was lost in 9 months of 2021 by Western European milk powder producers: -62% on ...

Source: MilkUA