February 26, 2024
The outlook for US milk exports remains strong

The outlook for US milk exports remains strong

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Despite the current challenges, with the current complex environment, the Long-term outlook US dairy exports will continue to grow.

The US Department of Agriculture (USDA) predicts Milk exports will reach $9.5 billion by 2022. A 22% increase over the previous year. This follows an 18% increase in 2021.

at Exports increased by 17% to 18% U.S. milk production and global market share is expected to rise to 25% this year, compared to 20% in 2020, said Megan Sheets, senior director of strategic growth and insights at the U.S. Dairy Export Council (USDEC). “We know that milk exports are growing at twice the rate of domestic milk consumption,” he said during a recent “Dairy Livestream” webinar.

Chances are that US dairy exports remain optimistic, but the current context is a bit more complex. One of those short-term obstacles is supply chain challenges, he said. “For the United States to position itself as the global supplier of choice, we must have a stable and reliable supply,” he said.

The second challenge Inflation and its effects on global demand, and the USDEC is starting to see consumer reaction. Although milk production grew slightly in June, a third challenge is the shortage of milk in the United States.

Despite the current challenges, the Long-term outlook US dairy exports will continue to grow, she said. One reason is the lack of milk from major competitors, particularly New Zealand and Europe, due to structural issues and environmental restrictions. “It really opens the door for the U.S. to gain additional market share and continue to enjoy the momentum of market share growth that we currently have,” he said.

Another favorable wind The demand for cheese is increasing all over the world. “What’s really positive for U.S. suppliers is that the cheeses that are growing in consumer demand align well with our U.S. cheese portfolio,” he said.

The United States produces the perfect varieties for this demand, such as cream cheese, mozzarella, and cheddar. Additionally, USDEC-commissioned research has identified specific sensory characteristics of cheese that consumers in various regions prefer, he said.

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“So now We can be more competitive, more innovative and forward thinking… How can we approach it in a strategic way to ensure that we continue to meet this global demand for cheese?

Another positive point Interest in health and wellness will increase. “From an international perspective, what we’re really seeing is a focus on nutrition, which ties in very well with what we’re seeing for demand for protein,” he said.

There is a Increasing protein consumption in general, But consumers are specifically looking for high-quality milk protein to meet their nutritional needs, he said. Officials from each of USDEC’s 10 international offices recently said health, wellness and sustainability are important to consumers in these markets. “We know this strong interest in health and wellness will drive demand for a variety of dairy products,” he said.

Despite some headwinds in the short term, the Long-term prospects for export growth are promising. All these have a meaning to export and maintain competitiveness, he said.

Source: Capital Press

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