The United States is increasing milk exports for the 13th month in a row

Published 2020년 11월 10일

Tridge summary

The US has seen a 14% increase in the total volume of dairy product deliveries in the first three quarters of 2020, reaching 1.7 million tons. This surpasses the record of 2.2 million tons set in 2018. This growth is largely due to the export of whey to China and cheese to the Asia-Pacific region, despite higher domestic cheddar prices. However, exports to Mexico have declined due to economic issues worsened by the pandemic. Southeast Asia has become the largest consumer of US milk, accounting for 28% of total US exports in 2020.

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

Original content

In the first three quarters of 2020, the total volume of deliveries of basic products (milk powder, whey, cheese, butter and lactose) increased by 14% and amounted to 1.7 million tons. The rate of exports exceeds the record year of 2018, when the United States exported 2.2 million tons of dairy products. The drivers of September's export growth were driven by the supply of whey products, primarily destined for China, as well as the growth of cheese exports to the markets of the Asia-Pacific region, despite the fact that domestic cheddar prices were higher than the world market since May. The decline in SPM exports in September was mainly due to reduced purchases by Mexico, while exports to Southeast Asia, Latin America and China continued to grow. The US Dairy Export Council (USDEC) identifies the following trends based on September figures: 1. US exports to China are recovering This recovery is primarily due to whey supplies. Although much of this growth can be explained by the ...

Source: MilkUA