Dairy exports down slightly in March
The U.S. Dairy Export Council says year over year U.S. dairy exports for March were down four-tenths of a percent. It’s the first dip in milk solids equivalent exports in a year.
Strong U.S. exports in January allowed the value and volume to grow for the first quarter, but increased competition, inflation, economic uncertainty, and lower Chinese demand are impacting the market.
There was some good news in the USDEC report. Export sales to Mexico, Central, and South America, and the Caribbean regions expanded by 23%. Sales to these areas were highlighted by 37% increases in nonfat dry milk and skim milk powder sales and a 20% jump in cheese sales.
The U.S. also set a record for exporting whey protein concentrate in March, sending 6,828 metric tons to customers in China, Brazil, Mexico, and the United Kingdom.