The United States released a report on U.S. and global dairy trade in the first half of 2022
By: Date: 2022-07-26 Categories: Internationalfood Tags: ,
On July 21, 2022, the U.S. Department of agriculture (USDA) released the”report on U.S. and global dairy trade in the first half of 2022″, which mainly includes:(1) since the end of 2021, the global milk supply has tightened, driving up the prices of manufactured products and dairy products. Among the major dairy exporting countries as of May 2022, only Argentina’s milk production increased (+1%), while Australia (-6%), the European Union (-1%), New Zealand (-6%) and the United States (-1%) all decreased; (2) It is estimated that the production of whole milk powder in China will increase by 4%to 1.05 million tons in 2022.