US fixes recovery of whey sales to China and export growth in Southeast Asia

Published 2020년 6월 23일

Tridge summary

In April, US dairy exports experienced a 7% growth year-on-year, totaling 181,437 tons and valued at $521 million, marking a 4% increase from the previous year. This growth was largely driven by Southeast Asia and China, with significant increases in COM and whey exports. However, exports to Mexico saw a decrease of 18%, resulting in the lowest level in four years. Despite a decline in cheese exports due to the pandemic's impact on restaurant closures, there was an increase in sales to Australia. Overall, the first four months of 2020 saw exports account for 15% of production.

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

Original content

At the beginning of the fifth month of the year, US dairy exports continued to grow. In April, American suppliers shipped 181,437 tons of dried milk, cheese, whey, lactose and milk fat abroad, which is 7% more than a year earlier. In terms of solids, exports grew by 10%, reports The DairyNews. The value of all exports amounted to $ 521 million, which is 4% more than a year ago. April US exports to Southeast Asia grew by 35%, and shipments to China by 47%. At the same time, dairy product sales to Mexico decreased by 18%, where the depreciated peso and weaker economy reduced import demand and brought US exports to their lowest level in four years. In April, the export of COM amounted to 67,936 tons, which is 20% more than a year ago. For the first time, half of the total went to Southeast Asia. Most of the increased sales were in the Philippines, Malaysia and Indonesia. SOM exports to Japan also hit record highs in April, while shipments to the Middle East / North Africa region ...

Source: Dairy