November Dairy Exports Surge
The U.S. Dairy Export Council (USDEC) is reporting that November dairy exports surged the most in more than a year, with volumes up 6% and value up 8%.
Some 173,000 metric tons (381.3 million lb) of exports were shipped valued at $474 million. The volume is the highest since October 2016.
“On a total milk solids basis, U.S. exports were equivalent to 16.1% of U.S. milk production in November, the highest percentage since October 2016,” says Alan Levitt, USDEC vice president of communications and market analysis. “Imports were equivalent to 3.5% of production. In the first 11 months of 2017, exports represented 14.5% of milk-solids output.”
Total whey exports set a record, at 50,590 tons, which is up 10% over a year ago. Strong sales to Southeast Asia led the surge, with Japanese sales up 78% and South Korea sales up 34%.
Cheese exports surged 17%. Cheese sales to Australia more than tripled, and sales to both the Middle East and Southeast Asia more than doubled.
Non-fat dry milk and skim milk powder sales were the highest since May. But they are still flat compared to last year’s strong sales, actually down 1%. Sales to Pakistan were up almost four-fold, but powder sales to Southeast Asia continue to lag, down 26% over a year ago.
You can read the complete report here.