US dairy product exports set a record

Published 2022년 11월 23일

Tridge summary

The American Council of Dairy Exporters reports a 7% increase in dairy product exports, with significant growth in whey, cheese, and lactose, and a notable 49% increase in butter exports. However, the export of fat-free milk and skimmed milk powder has declined for the tenth month in a row due to limited availability and decreased demand in China and Southeast Asia. Despite this, the U.S. has seen increased exports of whey to China and dairy products to Mexico and Canada, with Canada's imports doubling and Mexico's increasing by 11% and 106% respectively for cheese and NFDM/SMP.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the report of the American Council of Dairy Exporters, the export volume increased by 7 percent (13,784 tons) in terms of milk solids equivalent. The sector's exports of whey increased by 18 percent (+8,897 tons), cheese by 5 percent (+1,719 tons), and lactose by 32 percent (+10,135 tons) compared to the previous year, with each product reaching a new September peak. The increase in the export of these products is all dwarfed by that of butter, of which American dairy farmers sold 49 percent, 1,598 tons more abroad than at any time before in September. However, the export of fat-free milk and skimmed milk powder (NFDM/SMP) decreased for the tenth month in a row in September (-7%, 4,953 tons). The product group is one of the few whose exports fell compared to the previous year. It is true that the main reason for the drop in exports is the limited availability of the product, as well as the drop in Chinese demand and, more recently, the drop in demand in Southeast ...

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