Global Milk Production Growth Exceeds Dairy Exports in Q2

Inventories from the world's five major suppliers built as exporters weren’t able to move supplies off-shore.

In the second quarter, milk production/delivery from the five major suppliers (EU-28, United States, New Zealand, Australia and Argentina) was up approximately 2.0 percent from last year. EU-28 deliveries were up about 2.1 percent, led by a 12-percent gain from Ireland and a 6-percent gain from the Netherlands. Meanwhile, U.S. production was up 1.4 percent, New Zealand was up 9.2 percent, Australia was up 1.4 percent and Argentina was estimated to be up 2 percent.

Despite rising global milk production, exports from the major suppliers slowed in the second quarter. Shipments of milk powder, cheese, butterfat and whey in the second quarter were down 4 percent compared with a year earlier. EU-28 shipments were off 1 percent, U.S. exports were down 10 percent, New Zealand was down 9 percent and Argentina was down 1 percent. This was offset slightly by a 17-percent increase from Australia.

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The U.S. Dairy Export Council is primarily supported by Dairy Management Inc. through the dairy farmer checkoff that builds on collaborative industry partnerships with processors, trading companies and others to build global demand for U.S. dairy products.  

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