Top Global Cheese Importing Countries

Cheese imports for the top 6 countries continue to grow. Asia and North America continue to be top markets, with Russia slowly growing since the import sanctions in 2014, which are still in place for many Western countries (including the U.S. and E.U.). Japan continues to be the top market for the past five years.…

Top Global Cheese Exporting Countries

As demand for processed dairy products continues to rise globally, the big 5 cheese exporters continue to grow their markets, minus Australia. Continued drought in Australia has caused culling to continue, and the overall dairy herd size has continued to shrink. The USDA projects that demand for protein, in the form of meat and dairy…

U.S. Hay Exports

U.S. hay exports as of October 2019 were up +5.6% YTD over 2018, with top markets in Asia and the Middle East. Saudi Arabia continues to be an emerging market with strong growth thanks to its decision to stop using groundwater for forage production. Asian growth has seen strong growth due to increased demand from…

Rising Global Food Prices

According to the FAO, the November 2019 FPI reached a 26 month high in global food inflation. One of the largest impacts these rises have is on developing countries where vulnerability to price changes is highest. Next week will see updates and revisions, with increases expected.