American Dairy Exports Grow For 14th Consecutive Month

Published 2020년 12월 14일

Tridge summary

In October, US dairy product exports saw a 16% increase in volume and a 12% increase in value compared to the same period last year, totaling 201.9 thousand tons and $5.54 billion respectively. This growth is largely due to strong sales in Asia, particularly to China, which accounts for 48% of US whey exports. Despite this, the surge in cheese prices has negatively affected export performance, with a notable 46% decrease in exports to Mexico in October. However, there has been growth in cheese exports to Japan, South Korea, and Chile. Catfish exports to the Asia-Pacific region also saw an increase, with the Philippines experiencing a 137% growth in US COM shipments.

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

Original content

In October, American companies exported 201.9 thousand tons of dairy products, including milk powder, whey, milk fat, cheese and lactose. In total, since the beginning of the year, the export of US dairy products in physical weight has increased by 16%, according to USDEC data. The value of exports increased by 12% to $ 5.54 billion. By the end of October, it became clear that strong sales to Asia offset the decline in sales to Mexico. USDEC highlights a number of key trends: China is increasing its whey supply. At the same time, the PRC accounted for 48% of all whey exports from the United States, and sales of this product to Vietnam, Indonesia, Malaysia, Thailand and the Philippines also grew actively. According to analysts, China has moved from restoring whey supplies (after the failure of 2019 due to tariff wars) to expanding. The Asian region keeps the COM market in balance. - In October, supplies of catfish to the countries of the Asia-Pacific region also increased, supplies ...

Source: Dairy