The U.S. remains on pace to set a new annual record for export volume. The big rebound in October 2020 whey sales (up 64%) to China followed last year’s retaliatory tariffs and reduced demand due to African swine fever. Shipments of higher-valued whey to Japan, South Korea and Southeast Asia are also a growth market. In addition to whey, strong sales of skim milk powder (SMP) to Southeast Asia were enough to offset reduced demand across categories in Mexico and slow U.S. cheese sales in most other regions due to record-high U.S. cheese prices. Value basis: At $563.3 million, the value of October exports were up 6.6% from a year earlier. Through the first 10 months of 2020, dairy exports were valued $5.54 billion, up about 12% from the same period in 2019. CWT-assisted exports As of Dec. 7, the National Milk Producers Federation (NMPF) estimates Cooperatives Working Together (CWT) program-assisted sales for year-to-date 2020 totaled 33.8 million pounds of American-type cheeses, ...

Source

Progressivedairy

Advertise with Tridge

Tridge Exhibition 365Exhibition 365

Everything you love about a trade show, made 24/7

Recommended exhibitors for you

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.