Between cutbacks from China and an embargo by Russia, their imports dropped 16.3 billion pounds. Meanwhile, global milk supplies expanded. The big question is: How will U.S. processors re-balance their stocks of dairy powders?
Exports of butter to the Middle East are off; Japan, Saudi Arabia, Panama and Mexico cut back on their imports of U.S. cheeses.
August 25, 2015
Domestic consumption of dairy products has been strong throughout 2015 and has helped to offset both increased milk production and declining U.S. exports, reports the National Milk Producers Federation.
The U.S. Dairy Export Council, an active member of the international Consortium for Common Food Names, in February briefed U.S. and EU negotiators in Brussels on deep-set concerns with the EU’s current approach to protections for geographical indications (GIs).
Continued investment in plants, personnel and products geared specifically for exports are tangible indicators of the dairy industry’s long-term focus on developing and sustaining international markets.
The Dairy Index, an annual report by the global packaging and processing equipment supplier Tetra Pak, states that global demand for milk is set to surge by 36% in the next decade, largely due to population growth, rising prosperity and urbanization in Africa, Asia and Latin America.