In addition to the UK, exports to other EU countries rose by 16 % to more than $ 4bn ($ 4.8 bn), mainly driven by
strong dairy exports, which rose by more than 40 %, to $ 1.2 bn ($ 1.43 bn).
Not exact matches
Increased demand from consumers such as Saudi Arabia and Russia, buoyed by
strong oil prices, coupled with
exports to traditional trading partners such as Japan, is benefiting the Australian
dairy sector, which has a 17 per cent share of global cheese
exports.
«USDEC has been one of the most vocal champions of the importance of including Japan and Canada in TPP since these markets offer
strong opportunities for our members to expand U.S.
dairy exports,» stated Tom Suber, USDEC president.
«Growing supplies, lower competitiveness of European
dairy products on the world market and stable domestic consumption will put
strong pressure on the EU authorities to build intervention stocks, subsidize consumption, or re-introduce
export refunds.»
According to McCarthy, Ireland's agricultural and food industry have developed
strong trade ties with China in recent years: «
Exports were valued at almost $ 1bn last year, while China is our second largest
export market for
dairy and pork, behind the UK.»
«We are keen to invest in Australian
dairy with a
strong export focus, but we are not walking away from the domestic market.
However, Bord Bia said prospects for Irish
dairy exports in 2017 look positive: Recovering global
dairy prices and increased demand from key global
dairy importers and anticipated
stronger oil prices should help
exports.
The report identified a butter shortage, a
strong cheese market and high skimmed milk powder (SMP)
exports as the three main current features of the
dairy market.
Meanwhile, the
stronger US dollar meant that American
dairy farmers had a tougher time
exporting their products.»