Weak Southeast Asia Dairy Demand Drags Down U.S. Exports
Source: The DairyNews
The U.S. Dairy Export Council reports that dairy shipments fell by five percent in May compared to the previous month, primarily due to mixed demand from global markets.
Despite the dip, the U.S. Dairy Export Council anticipates record high cheese shipments for the year, with sales up 27 percent for the first five months of the year. Notably, cheese exports in May surged 47 percent fr om 2023 levels. Additionally, high protein whey shipments increased by 19 percent, and low-protein whey product exports rose by 17 percent.
However, overall U.S. dairy export values have declined by six percent year-to-date, with volumes down by two percent. The council attributes the weaker performance in May largely to reduced demand from Southeast Asia, wh ere nonfat dry milk and skim milk powder exports plummeted by 51 percent.
The decline in Southeast Asia's demand has significantly impacted U.S. dairy exports, highlighting the volatility and regional disparities in global dairy markets.
However, overall U.S. dairy export values have declined by six percent year-to-date, with volumes down by two percent. The council attributes the weaker performance in May largely to reduced demand from Southeast Asia, wh ere nonfat dry milk and skim milk powder exports plummeted by 51 percent.
The decline in Southeast Asia's demand has significantly impacted U.S. dairy exports, highlighting the volatility and regional disparities in global dairy markets.
