One Asian nation is thirsty for U.S. dairy exports. And, though it is more than 7,000 miles away from the nation’s top dairy-producing state, the potential for growth is exciting.
According to a report by the USDA’s Foreign Agriculture Service report released in mid-December, the Philippines is the 4th largest market for U.S. dairy exports. Dairy exports to the island nation are their “second largest agricultural import after wheat” and jumped by 50 percent in 2011.
These exports are expected to reach $328 million in 2012.
Forecasters anticipate U.S. dairy exports to the Philippines to continue to grow in 2013 due to an increase in demand and a growth in food processing, even though tighter supplies will bump global prices.
The Philippines isn’t the first Asian country to show a taste for milk and dairy. Last year, Dairy Herd Management Editor Tom Quaife discovered first-hand the increasing appetite Japanese consumers have for American cheese. Meanwhile, in China, more dairy cows have been imported to boost milk production and though safety scandals have previously plagued the country’s dairy industry, strides are being made to regain consumer trust and improve milk quality and testing.