The expert spoke about the US dairy market over the past decades

Published 2021년 10월 12일

Tridge summary

The article highlights the increase in milk and dairy product consumption in the US over the past 25 years, with a steady growth that is beneficial for dairy farmers. The domestic market is expanding due to a growing population and rising middle-class income in developing countries. However, the US exports only a fraction of its milk fat and imports more, indicating a need to improve international markets for American dairy farmers. Cheese exports are suggested as a potential solution. Despite economic conditions, dairy product consumption in the US is relatively insensitive to price changes and income levels. Middle-class consumers in dairy-deficient countries drive the market for milk and dairy products globally.

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

Original content

The total consumption of milk and dairy products by US consumers has been increasing over the past 25 years. This was announced by Peter Vitaliano, vice president of the National Federation of Milk Producers for Economic Policy and Market Research, Agrinews reported on October 11. "Consumption is growing quite steadily, which is critical for dairy farmers," Vitaliano said. "Because if people don't consume milk and dairy products, the dairy industry will have no jobs." Currently, according to Vitaliano, about 17% of the total volume of milk powder in the United States is exported. “This is a critical, growing market,” he said during a seminar at the World Dairy Show. “Many years ago, the main trade issue that worried dairy products was import competition,” he said. “This was important at a time when the global market was heavily subsidized and many countries were dumping their surplus products onto the world market.” Between 2003 and 2004, Vitaliano said, the global market was ...

Source: Milknews