US: Dairy exports face headwinds in 2023

Published Jun 30, 2023

Tridge summary

US dairy exports experienced their worst annual decline in four years in April. Ben Laine, senior dairy analyst at Terrain, expressed concern about the headwinds facing dairy exports, particularly the lack of competitive price advantage. The demand for US dairy products in China, the largest market, has been dampened by increased domestic production and weaker margins for pork producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

To continue reading the article, log in with your account or sign up for MilkPoint. Get access to exclusive content! With US dairy exports in April documenting their worst annual decline in four years, Ben Laine, senior dairy analyst at Terrain, said the headwinds facing dairy exports are what worries him most at the moment. “I think there is a little bit of concern,” he said. “We started strong, but part of that was probably some contracts that were closed last year that keep spilling over into this year. Now, we don't have as much discount as the rest of the world, so we don't have that competitive price advantage that we previously had in 2022." Cheese, skimmed milk powder, low protein whey, lactose, fat, whole milk powder and fluid milk/cream were below year-ago levels. Laine shares that we are seeing a slowdown on the export side, while domestic demand is still holding up. “I think in large part because we've seen ...
Source: Milkpoint

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