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Dairy ingredients were recipe for export success in May

Dairy
United States
COVID-19
Price Trend
Demand
Jul 6, 2021
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Overall, a surge in nonfat dry milk/skim milk powder (NFDM/SMP) to Mexico and the Middle East/North Africa (MENA) and the continued demand for whey in China were the primary drivers of ingredient export growth. Port issues continued to frustrate U.S. dairy exporters in May, but as we have seen the past few months, U.S. exporters are finding ways to manage the delays at port and address rising freight and trucking rates. Here’s Progressive Dairy’s monthly recap of exports and trade news covering dairy products, dairy cattle, hay and more. Volume basis: Compared to May 2020, year-over-year growth in volume on a milk solids equivalent basis was 13%. At 88,729 metric tons (MT), shipments of NFDM/SMP were the largest that has ever shipped in a single month. Even after the record month, indications are more sales were booked and waiting for a ship. Through the first five months of the year, NFDM/SMP exports were at a record annual pace, supported by strong global demand and favorable ...
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