When it comes to dairy products, you should be on your guard
- by admin
By TONY BESSERBERG | THURSDAY, NOVEMBER 28, 2016, 11:24:31MARK KARLIN-REUTERS/STR The number of dairy products sold per person has been rising in the US over the past decade, but not as fast as many of us expected.
In fact, the dairy industry has seen the number of units sold per capita rise by just a fraction of a percentage point per year since the mid-1990s, according to a new report by the advocacy group Consumers Union.
In the US, dairy producers have been able to keep producing their products with fewer employees and less money since the Great Recession, but in recent years, the industry has become more expensive and less profitable.
The report, which looks at dairy products in 20 countries, found that the industry lost a staggering $18 billion in 2014, according the advocacy organization.
The dairy industry accounts for nearly one-fifth of the US’s total exports, and its market share has grown dramatically since 2010.
In 2012, the US exported $9.2 billion worth of dairy product to other countries, according US Trade Representative Michael Froman.
In 2017, that figure rose to $13.6 billion.
In fact, dairy products accounted for $15.5 billion of US gross domestic product in 2019, the most recent year for which data is available.
That’s an increase of $10 billion over the same period last year.
That translates to an additional $13 billion in annual sales for the industry, according Toan.
The US dairy industry’s woes are not limited to the country of origin, either.
While US dairy producers export to countries like China and Russia, they are also importing more from the European Union.
EU dairy imports from the US have been increasing, while imports from China and India have been declining.
The report also found that in 2018, the average US dairy farmer produced 1.1 million tons of milk per year, which was more than the average in Europe.
It’s not just the US that’s losing jobs to China.
In 2018, dairy production in the EU fell by 2.2 million tons, while in China, it fell by 4.1 percent.
The European Union is currently in the midst of a dairy crisis, and while the US is facing its own crisis, it is likely to be the only major dairy market that remains relatively stable.
The latest report also highlights a number of troubling trends that are taking place in the dairy business.
The industry has been losing ground in many markets.
The US is losing ground to China, while EU dairy production is declining.
The EU dairy market is also experiencing a significant decline.
In 2019, total US dairy exports declined by almost $9 billion, while exports to Europe were up by $1.3 billion.
The trade war between the US and Europe is taking a toll on the dairy sector in the rest of the world.
Dairy exports to China are down by nearly 10 percent in 2018 and by almost a third in 2019.
In 2016, US exports to Japan dropped by more than 20 percent.
In 2020, Chinese exports to the US fell by almost 7 percent.
China has been one of the biggest dairy exporters in the world, importing more than $3.2 trillion worth of milk in 2019 alone.
That was more milk than it exported to the rest the world combined.
The industry’s market share in the United States has been steadily declining, but the industry is also seeing some growth in other countries.
The number, as measured by purchasing power parity, of US dairy farms is increasing from less than 3 percent in 2006 to nearly 6 percent in 2020.
By TONY BESSERBERG | THURSDAY, NOVEMBER 28, 2016, 11:24:31MARK KARLIN-REUTERS/STR The number of dairy products sold per person has been…
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