Dairy exports reach two-year high
The U.S. Dairy Export Council says record ingredient sales of nonfat dry milk and skim milk powder during May led to a two-year export high for the month.
Shipment volumes were 18 percent higher than 2019, totaling more than 210,000 tons in May, with values up eight percent to more than $585 million. Southeast Asia remains the number one export market for U.S. dairy products.
Nonfat dry milk/skim milk powder exports were up 24 percent from last year and the most ever for the month of May. Sales from Indonesia, the Philippines and Vietnam nearly doubled and are more than double to the region compared to 2019.
Whey exports were 17 percent higher than 2019, on par with previous months with all of the growth coming from Chinese demand, up 153 percent from last year. Shipments of lactose were up 18 percent and cheese exports were seven percent higher.
Other gains were seen in whole milk powder (+83%) milk protein concentrate (+23%), and whey protein isolate (+20%), while butterfat (-7%) exports were down in May.