Covid-19 will continue to influence dairy markets in 2021
Dairy
Mexico
Published Nov 3, 2020
Tridge summary
President and CEO of USDEC (American Dairy Export Council) Tom Wilsac, participating in a roundtable organized by the American magazine Dairy Foods, said that everyday life around the world will only begin to return to normal in 2021. And the dairy industry will be no exception.
Original content
"COVID-19 will have a long-term impact on the global economy, including dairy markets. Mexico, our ри 1 dairy export market, is on our watch list. The country's economy was already unstable to COVID-19 due to a slowdown in production, reduced investment and an uncertain political situation. Combine these factors with the collapse of oil prices, the weakening of the peso and insufficient government incentives, and you will have the potential for a long recession in a country that bought more than $ 1.5 billion worth of American dairy products last year. To reduce the risk of over-dependence on one country's economy, many of our members are diversifying their supplies by opening up new markets, including the Middle East / North Africa, South America and Southeast Asia. This is a wise strategy. Our exports to Mexico declined this year, but we made up for it with rapid sales of ingredients to Southeast Asia, ”says Tom Wilsac. According to the expert, the United States is set to ...
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