Tridge summary
April saw a significant surge in US dairy exports, with the volume increasing by 25% compared to the same period in the previous year. This growth was evident across all major dairy products, with cheese, whey, and skim milk powder showing the most notable increases. The value of these exports also rose by 33%, largely due to the shipping of larger volumes of higher priced products. The port situation in the US improved in April, contributing to this growth, especially in cheese exports which hit a record high. Skim milk powder exports also saw a 16% increase, driven by a strong recovery in exports to Mexico and new business in the MENA region. Despite some challenges like drought in Mexico and delays at West Coast ports, the US managed to diversify its shipping destinations, with the MENA region becoming a significant market for its dairy products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
April proved to be another robust month of growth for US dairy exports. Milk solids equivalent volume grew 25% compared to April 2020, with gains across all major US dairy products. Cheese led the way with a surprising increase of 51% (+13,687 tonnes) with whey (+28%, +11,757 tonnes) and skim milk powder just behind (+16%, +10,559 tonnes). With the US shipping larger volumes of higher priced products such as cheese and whey protein concentrates, the value of US exports increased by 33%. Overall, the picture is clearly optimistic. Still, we must include some caveats. The scale of the growth was almost certainly made possible by an improvement in the port situation in April, which allowed US exporters to clear their shipping books for the fourth quarter of 2020 and early 2021. In addition, the country's cheese exports in April 2020 were weakened by the global pandemic making the month of comparison particularly favorable. However, even considering these caveats, the data suggest an ...
Source: Milkpoint
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.