Dairy Exports Rebound in Second Half of 2016
While the value of U.S. dairy exports declined 10% in 2016, value and volume picked up speed in the second half of the year, reports Alan Levitt with the U.S. Dairy Export Council.
Export volume was up 15% in the second half of the year, and 19% in the fourth quarter. The aggregate volume of exports was up 3% over 2015.
Dairy ingredient sales actually hit record levels. Export sales of butterfat, cheese, lactose, milk powders and whey products were up 3% over 2015.
Mexico was again the Number 1 destination of U.S. sales, at $1.22 billion, though this value was down 5% from 2015. Canada was the second largest destination in terms of value, at $632 million, up 14%. China bought $384 million worth of U.S. dairy products, down 15% from a year ago.
Read the full USDEC report here.