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Milk production growth across the major export engines began in quarter two 2020 and is forecast to continue expanding into 2021.
September 22, 2020
With milk production forecast to grow over the next 12 months and consumption taking time to recover, global market fundamentals are expected to remain weak into quarter two 2021, according to “A Delicate Rebalancing,” a quarter-three 2020 Global Dairy Quarterly report from Rabobank.
The state of the export market for U.S. dairy products is mixed: It depends on the dairy product that you’re exporting and on the destination of the product.
It could be an opportunity for U.S. dairy exporters to increase market share.
October 1, 2019
The United States currently faces a 5% tariff on dairy products to Indonesia, IDFA noted. New Zealand and Australia benefit from low or zero tariffs on dairy products as a result of preferential trade agreements with Indonesia.
USDA lowers its milk production forecast for 2017 as slower growth in cow numbers more than offsets slightly higher growth in milk per cow.
December 9, 2016
Today’s monthly update of the World Agricultural Supply and Demand Estimates Report released today by the USDA sees higher milk prices and lower milk production. The export outlook is mixed.
