US dairy exports grow by 16%

Published 2020년 9월 21일

Tridge summary

In the first seven months of 2020, US dairy exports experienced a 16% increase in physical volume and a 14% increase in value compared to the same period in 2019. This growth is primarily due to increased supplies of skimmed milk powder to Southeast Asia and whey to China, though growth in these markets was partially offset by weak sales to Mexico. There was a notable 22% increase in the amount of milk powder, cheese, whey, lactose, and milk fat shipped by US suppliers in July compared to the previous year, with significant growth in shipments to Indonesia, the Philippines, and Vietnam, as well as new buyers in Egypt. However, cheese exports fell in July as suppliers found it more difficult to negotiate, and there was a decrease in deliveries to Mexico, Australia, the UAE, and Central America. Lactose exports were the lowest this year, but there was a doubling of milk fat supplies to a 17-month high, and sales of liquid milk and food semi-finished products/mixtures also increased slightly.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a report published the day before, in seven months the physical volume of dairy exports of American companies increased by 16%. The volume of exports of US dairy products in physical form increased by 16% in the first seven months of 2020 and by 14% in value terms compared to the same period in 2019. In the last four months, the main growth has been due to increased supplies of skimmed milk powder to Southeast Asia and whey to China. Growth in these markets was partially offset by weak sales to Mexico (where total exports in 2019 fell by 18%). According to data released the day before in July, US suppliers shipped 196,080 tons of milk powder, cheese, whey, lactose and milk fat, which is 22% more than last year. The value of total exports amounted to $ 554.1 million, an increase of 17%. Within a month, US shipments to Indonesia, the Philippines and Vietnam more than tripled. U.S. suppliers also found new buyers in Egypt (3,418 tons versus zero last July). On the ...
Source: MilkUA

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