Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 

Home > News > News

U.S. dairy exports to Southeast Asia have been weak to start 2023

22.07.2023 08:17 "Agro Perspectiva" (Kyiv) According to the report of the USDA Dairy: World Markets and Trade (July 2023), U.S. dairy exports to Southeast Asia have been weak to start 2023. Resilient global milk production, currently on a 10-month streak of annual gains on monthly basis dating back to last July, has put downward pressure on prices of manufactured dairy commodities. Through May, exports of dairy products on a value basis to Southeast Asia have totaled $561 million, down 33 percent from the same period last year. There have been broad declines across multiple commodities, including skimmed milk powder, whey and cheese. This is coming in a period where SMP prices are down 37 percent and whey prices are 52 percent from the peak in February 2022.

As the world enters a post-COVID lockdown world, governments are now under pressure to reign in fiscal spending and combat high food inflation, which have reached an all-time in high in many countries in the region, typically done via higher interest rates. In the Philippines, food inflation reached 11 percent, driven by increases in dietary staples like vegetables. Increasing food costs have forced consumers to reduce discretionary spending (a category which includes spending on dairy products which are not a major part of traditional diets). Lower discretionary spending is impacting both the restaurant industry and retail purchases. Demand for whey and lactose has also fallen in several countries. In Vietnam, swine herds continue to recover from African swine fever, reducing demand for whey and lactose for feed use (export volumes to Vietnam for both products are down 11 and 23 percent, respectively). In the Philippines, another market that has been impacted by ASF, exports of whey and lactose have fallen 26 and 9 percent, respectively. There also continue to be regulatory pressures in Southeast Asia hindering U.S. dairy exporters this year, specifically halal certifications processes.

The development of dairy exports on the global market has been one of the biggest success stories for U.S. agriculture over the last 2 decades. Growth in the Southeast Asa market has been an important factor in expanding exports from $1 billion in 2003 to $9.5 billion in 2022 (dairy exports to Southeast Asia totaled $1.7 billion in 2022, the third largest regional market in the world for dairy exports behind North America and East Asia). U.S. dairy exporters have captured sizeable market share, but stiff competition continues from Oceania and the European Union, which benefit from long-standing trading infrastructure in the region and tariff advantages granted in free trade agreements. The recently established Indo-Pacific Economic Framework for Prosperity (IPEF) is a potential avenue to gaining similar advantages for U.S. agriculture in the region.

Agro Perspectiva

< Russia Exports Record Wheat Volumes; Ukraine Exports Plummet All news for
122 million more people pushed into hunger since 2019 due to multiple crises, reveals UN report >

20:27 South Asia is anticipated to import nearly 14 million tons wheat in 2023/24
13:00 Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options
17:47 Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries
09:10 The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP
17:31 European farmers exempted from rules on land lying fallow
16:45 India Wheat Stocks Plummet to Lowest in 15 Years
17:35 Mandarins. Global production for 2023/24 is forecast to rise to 38.0 million tons
09:59 Record cereal output in 2023
07:15 FAO Food Price Index down again in January led by lower wheat and maize prices
10:32 President von der Leyen launches Strategic Dialogue on the Future of EU Agriculture
11:31 Record Exports Forecast for Egypt Oranges
17:55 With the Federal Chancellor in the show bakery
11:45 Organic production in Ukraine
23:25 Domestic consumption of dairy products may double in 2024 analysts
23:53 Competition Tightens for Leading Pork Exporter
22:55 Peru Fish Meal Exports at Lowest Level Since 2015/16 El Niño
22:43 Grains Trade Disrupted by Challenges in Key Shipping Routes
15:38 In China, the largest import market for dairy products, surplus raw milk production led to government subsidies to stabilize the domestic processing sector
11:55 The FAO Sugar Price Index averaged 134.6 points in December, down 26.8 points from November
12:43 Polish fish and seafood imports continued to grow in 2022 and reached over $3 billion, with a $129 million (4 percent market share) originating from the USA
17:21 EU imports are dominated by unroasted green coffee beans, which accounts for about 90 percent of trade
17:00 FAO Food Price Index declines in December. Benchmark measure of world food commodity prices ends 2023 about 10 percent below its year-earlier level
09:53 Global and Bank of Georgia sign EUR50 million loan agreement to support small businesses
16:47 EIB delivers EUR3 million for energy-efficient upgrades in three Ukrainian cities
23:11 EU agri-food trade surplus increases in September 2023
15:05 FAO and EU launch a second grant call to bolster the recovery of Ukrainian farmers
09:00 EIB Global offers support to Ukraine, Moldova and Georgia on the next step of their EU accession paths
13:21 FAO Food Price Index holds steady in November
22:15 Donau Soja: Republic of Moldova increases soya harvest in 2023 and boosts market opportunities in the EU
09:32 BASF signs CNY 40 billion syndicated bank term loan facility with maturity of 15 years for its Verbund site in Zhanjiang, China
23:35 2023/24 European Union sugar production estimated up despite lower area in France
13:07 Inflation forecast to drop further and EU economy to show modest upturn
14:10 BASF, The Estée Lauder Companies, RSPO and Solidaridad support Enhanced Sustainable Palm Oil Production in Lampung, Indonesia
11:27 Preserving antimicrobials for the well-being of humans, animals, plants and ecosystems
11:18 Dobrodiya Foods started the production of glute-free oat flakes under the WOWOATS brand
20:43 Ukraine Grain Exports to Slide in 2023/24 Despite Recent Improvements
18:55 Hidden costs of global agrifood systems worth at least $10 trillion
20:13 As winter weather closes in on the Northern Hemisphere, the demand for limes changes accordingly
11:21 Wärtsilä supports Denmarks green energy future with opening of new biogas liquefaction plant
21:35 Shmyhal speaks about progress in issue of confiscation of Russian assets abroad
21:27 Immediate action is needed to get Africa on track with global goals
12:55 Global cereal production set to reach a record high in 2023, while trade could contract in 2023/24
13:55 Ukraine will sue Poland, Hungary and Slovakia over agricultural bans
21:02 Following the expiry of the restrictive measures on Ukrainian exports of grain and other foodstuff to the EU, Ukraine agrees to introduce measures to avoid a renewed surge in EU imports
17:54 Biodel AG Secures Series A Investment from Pangaea Ventures to Advance Novel Regenerative Agriculture Technologies
07:25 Rice Export Prices Highest in 15 Years as India Restricts Trade
17:54 Export Bans, Black Sea Tensions, Affecting Food Markets - WTO Agriculture and Commodities Division
18:36 Global cereal production forecast to match past record - FAO
13:22 EBRD provides EUR60 million guarantee to support lending by Ukraines PrivatBank

Also available: 

NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com