US dairy exports will continue to grow until the end of the year

Published 2021년 10월 18일

Tridge summary

Dairy exports have seen a 26% increase, primarily due to a rise in cheese and whey exports, as per the American Dairy Export Council (USDEC). The surge is largely driven by Mexico, with other Latin American countries also contributing to the growth. The price of American cheese has played a significant role in this increase, especially due to its lower price compared to the EU and New Zealand. Challenges such as economic difficulties in Mexico, rising feed costs, and port congestion have also impacted the export dynamics. Despite these challenges, USDEC reports that American dairy companies have managed to increase exports.

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

Original content

The value of dairy exports increased by 26%, largely due to increased exports of cheese (+ 18%) and whey (+ 22%), writes The DairyNews, citing data from the American Dairy Export Council (USDEC). "Historically, cheese exports to the United States have tended to decline seasonally in the second half of the year. However, high rates in July and August 2021 reversed this trend. Cheese exports in August increased by 18% compared to the same period last year. Mexico was the most important source of growth, but it also affected the rest of Latin America, which grew by 57% year on year, "said USDEC analyst Stephen Kane. Chile and Colombia increased cheese supplies by 172% and 68%. Exports also increased to Panama (+ 89%) and Honduras (+ 48%). Overall, economic growth throughout Latin America was supported by recovery as vaccination rates increased. This also affected the demand for cheese. The stimulating factor in the growth of demand for American cheese was the price. During June-July, ...

Source: MilkUA