Volume basis: On a milk solids equivalent basis, February 2021 exports were jumped 15% compared to the same month a year ago. February’s growth was driven primarily by a resurgence in nonfat dry milk (NFDM) skim milk powder (SMP) to Mexico and Southeast Asia and whey products to China. February’s NFDM/SMP export data was a surprise after forecasts shipping frustrations common during November-January were expected to continue. Despite that, milk powder exports grew substantially, up 31% over February 2020. Looking ahead, this suggests that if U.S. exporters can secure booking with a carrier, there will be opportunities to grow exports. U.S. exports of cheese topped 30,000 metric tons (MT) since August 2020. Adjusting for Leap Day, February 2021 U.S. cheese exports grew 1.1% over February 2020. USDEC cited more competitive U.S. cheese pricing since December and progress in keeping COVID-19 in check in key markets in East Asia and the Middle East (and subsequent improved food service ...

Source

Progressivedairy

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