News

The EU and New Zealand benefit from growing world dairy trade

Dairy
New Zealand
Market & Price Trends
Published Oct 4, 2023

Tridge summary

World trade in dairy products experienced significant growth in the second quarter of the year, with the European Union and New Zealand benefiting the most, according to ZuivelNL. The volume of cheese traded globally increased by 1.9% compared to the first quarter, while the traded volume of butter and butter oil increased by 8%. However, the United States and Australia experienced a decline in exports due to shrinking milk production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

World trade in dairy products grew significantly in the second quarter of this year. The European Union and New Zealand have benefited most from this, ZuivelNL reports in an update on the world dairy trade. Cheese trade is recovering The volume of cheese traded around the world in the second quarter of 2023 increased by 1.9 percent compared to the first quarter. This is a recovery after a year of stagnant trade. The traded volume of butter and butter oil increased by 8 percent. This continues the strong growth of this product group after a short interruption with almost stable volumes. The traded volume of non-skimmed milk powder increased by 23.8 percent, more than compensating for the sharp decline in the first quarter. World trade in skimmed milk powder increased for the third quarter in a row, this time by 11.5 percent. EU benefits fully The 27 countries of the EU fully benefited from increased world trade. The cheese trade recovered and increased by 2 percent. This increased ...
Source: Veeteelt
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