7 July 2023
USDEC, the US Dairy Export Council, has reported the third straight month of decline in export volumes. May 2023 volumes were down 13% from last year. Blaming “global headwinds” and overpriced values at the end of 2022, cheese exports were 18% down, while low protein whey products fell 29% and NFDM/SMP volumes were down 3%. Only WPC, MPC80+, showed a rise of 17%, equivalent to just an extra 945t in milksolids equivalent. USDEC are forecasting a return to growth this year but are unclear if this will manifest in Q3 or later in the year.
