USA: dairy exports fell in November

Published 2021년 1월 19일

Tridge summary

US dairy exports in November decreased by 5.1% year-on-year, with a 10% increase in total exports from January to November. Despite a rise in whey shipments, total volumes fell slightly. There was a decline in shipments of skimmed-milk powder, cheese, and lactose. The drop in cheese exports was a major contributor to the decline in November's total value. This decline was partly due to high US domestic prices, which caused international buyers to delay purchases, and a 38% fall in cheese exports to Mexico. However, whey shipments to China increased, driven by the country's rebuilding pig herd. Strong sales of powdered milk to Southeast Asia were also recorded in 2020.

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

Original content

While US dairy exports in November fell 5.1% year-on-year to $ 509.7 million, January-November exports increased 10% to $ 6.06 billion, according to the US Dairy Export Council. November exports registered their first year-on-year decline in 2020. Despite a 27% increase in whey shipments, total volumes fell 0.2%. Shipments fell 8% for skimmed-milk powder, 16% for cheese and 14% for lactose. As a higher-value product, lower cheese exports contributed more to the decline in the month's total value, USDEC reported. The drop was partly caused by high US domestic prices in the summer and fall, which caused international buyers to delay purchases. The country's cheese exports to Mexico in November fell 38% year on year. The reduction in consumer demand due to the Covid-19 pandemic and the severe economic consequences in Mexico likely contributed to the decline, analysts at the US Dairy Export Council (USDEC) said. However, U.S. cheese volumes to Mexico from January to November fell by ...

Source: Milkpoint