“Global milk supplies are tight. Exports are where it’s at,” said Gregg Doud, the new president and CEO of the National Milk Producers Federation (NMPF). He addressed the membership for the first time in that role at the joint annual meeting of NMPF, the National Dairy Promotion and Research Board, and the United Dairy Industry Association held last month.
He shared that in just the last 20 years, the United States has gone from half a trillion to $1.8 trillion in food trade, and Doud said, “I don’t know where the slope of this thing ends.”
He talked about the significant role China plays in global agricultural trade, noting that the Asian nation’s self-sufficiency in all food production is falling. “China is the biggest importer in the world for beef, pork, poultry, corn, soybeans, wheat, and dairy,” Doud stated. “They are the whole enchilada.”
Abbey Bauer
December 4, 2023
hoards.com
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