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Ornua: Some Buyers Taking ‘Wait-and-See’ Approach Due to Tariffs

World 29.04.2025
Source: dairynews.today
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Ornua, the largest exporter of Irish dairy products, reports that new US tariffs are prompting a cautious approach among some buyers.
Ornua: Some Buyers Taking ‘Wait-and-See’ Approach Due to Tariffs
Ornua, the largest exporter of Irish dairy products, has stated that the imposition of new tariffs by the United States has led some buyers to adopt a ‘wait-and-see’ approach. The co-op's market report for April noted the potential for these tariffs to "disrupt trade and weaken economic growth." After a stable first quarter, the new tariffs are expected to dampen market sentiment, typically strong during periods when demand and pricing increase.

The full impact is still uncertain; while some commodities will be more affected than others, the disruption impacts global economic growth and demand. President Trump announced that countries refraining from retaliation would only face a 10% tariff until July, though Irish agri-food products initially faced a 20% tariff. Current projections indicate that global milk supply remains flat with minimal growth, not expected to exceed +0.5% annually, though milk solids could be stronger.

The European Union braces for potential supply reductions due to ongoing challenges such as bluetongue and foot and mouth disease. Conversely, Ireland saw a lift in milk flows by 9.4% in January, with further increases expected. The outlook varies across other regions: German and French milk collections have declined, while New Zealand records growth due to favorable conditions. Conversely, dairy productions in China are contracting due to low margins.

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