U.S. exports of dairy products will increase by $500 million

12.12.2016

According to the Ministry of agriculture, U.S. (USDA), export of dairy products will exceed $5 billion in 2017, according to the Farmers Journal.

The export of American "milk" will increase by $500 million and $5.3 billion In U.S. Department of agriculture expect that key producers of dairy products will reduce the amount of production that will lead to a rise in world prices.

USDA also expects imports of dairy products will increase by $200 million in 2017.

Export of dairy products will stimulate the overall food exports from the United States next year. Thus, the volume of food exports, according to USDA estimates, will increase by $1 billion to $134 billion in 2017.

Grain exports are expected to increase by $300 million, mostly at the expense of wheat.


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