Robust global demand drove up year-over-year (YOY) U.S. dairy exports by 10% on a milk solids equivalent (MSE) basis in September. All product categories except anhydrous milkfat (AMF), lactose, and milk protein concentrate posted gains.
Dairy’s affordable nutrition, taste, and functionality continue to drive consumption growth worldwide. Despite elevated dairy protein prices, the UN Food and Agriculture Organization Food Price Index shows dairy remaining relatively stable (and lower than 2024 and 2025) amid more rapidly rising prices for other food products, such as vegetable oils and cereals.
Strong overall dairy trade results (including from the two top global suppliers, New Zealand and the EU) attest to dairy’s unique position. As USDEC’s latest International Demand Analysis points out, August was the 15th straight month of YOY global dairy trade growth, and volume is tracking to almost certainly set a new record this year. If U.S. September numbers are any indication, September should be the 16th straight month of growth.

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