Thursday, 06 October 2016 07:55

EU dairy exports boom

Written by Rural News Group

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EU dairy exports rose 6% in May.

EU dairy exports rose 6% in May (22,000MT) vs the same month in the previous year.

Fonterra says increases were seen in all major dairy categories, excluding SMP which fell 27%.

The EU’s two largest export categories, fluid and fresh dairy and cheese, both rose 17%. Exports are up 12% (551,000MT) for the 12 months to May vs the same period last year. Export increases are seen in fluid and fresh dairy (+27%), cheese (+12%) and whey powder (+11%).

US dairy exports in June rose 2% (4000MT) vs the same month in the previous year. A fall in the major export categories of SMP, lactose and cheese were offset by rises in whey powder, WMP and WPC/WPI, up a combined 16,000 MT.

Asia (excluding China) dairy import volumes rose 7% (25,000MT) in May vs the same month the previous year. Significant rises in fluid and fresh dairy and whey powder (+26%) and WMP (+20%) were partially offset by falls in SMP, cheese and lactose. Imports for the 12 months to May are up 2% (91,000MT) vs the same period in the previous year.

China dairy imports rose 9% (16,000MT) in July vs the same month last year. Big rises in fluid and fresh dairy and cheese, both up 37%, were partially offset by falls in SMP, whey powder and lactose.

The largest contributions to China’s growth have been fluid and fresh dairy and infant formula.

Published in World News

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