U.S. Dairy Export council reports year-over-year (YOY) U.S. dairy exports slipped 0.4% in milk solids equivalent (MSE) terms in March (-910 MT), marking the first MSE decline in exactly a year. (March 2022 U.S. MSE exports fell 0.5% before going on an 11-month streak of YOY gains.)
Because of the strong U.S. performance in January, year-to-date value and volume still grew for the first quarter (1Q). U.S. dairy export volume rose 5% (+25,398 MT MSE) and value increased 3% (+$65 million). And on the volume side, most key product categories held their own for the quarter: NFDM/SMP (+3%), cheese (+4%), MPC (+13%), WPC80+ (+18%) and lactose (+26%).
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