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A Descriptive Analysis of Recent Trends in the International Market for Dry Milk Products

Author

Listed:
  • Gould, Brian W.
  • Villarreal, Hector J.

Abstract

This Discussion Paper provides a comprehensive description of longer-term trends for exports and world prices of dry milk products. The importance of U.S. exports of dry milk products is suggested by figures in the paper showing that in 2000, 17% of U.S. nonfat dry milk, 35% of dry whey, 47% of lactose, and 11% of whey protein concentrates were exported. The Gould-Villarreal study documents the decline in world trade in nonfat dry milk and expansion of world trade in whole milk powder. The paper suggests that collective product mix decisions of the U.S. dairy industry are partially out-of-sync with world demand. Other implications for U.S. dairy exporters of changes in world demand for dry milk products are discussed.

Suggested Citation

  • Gould, Brian W. & Villarreal, Hector J., 2002. "A Descriptive Analysis of Recent Trends in the International Market for Dry Milk Products," Discussion Papers 37639, University of Wisconsin-Madison, Babcock Institute for International Dairy Research and Development.
  • Handle: RePEc:ags:uwmbdp:37639
    DOI: 10.22004/ag.econ.37639
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    Citations

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    Cited by:

    1. Dobson, William D., 2002. "Would U.S. Dairy Firms Increase Long-Term Profits By Becoming Bigger Exporters and Bigger Investors in Foreign Dairy-Food Businesses?," Marketing and Policy Briefing Papers 12735, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Gehrke, Brad C. & Babula, Ronald A. & Coleman, Jonathan R., 2004. "An Analysis of the Impact of European Union and United States Dairy Policies on EU-U.S. Trade in Milk Protein Concentrate," Working Paper ID Series 15875, United States International Trade Commission, Office of Industries.
    3. Ramírez, C.A. & Patel, M. & Blok, K., 2006. "From fluid milk to milk powder: Energy use and energy efficiency in the European dairy industry," Energy, Elsevier, vol. 31(12), pages 1984-2004.
    4. Carvalho, Glauco Rodrigues & Bessler, David & Hemme, Torsten & Schröer-Merker, Eva, 2015. "Understanding International Milk Price Relationships," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196692, Southern Agricultural Economics Association.
    5. Newton, John, 2016. "Price Transmission in Global Dairy Markets," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(B), pages 1-15, August.
    6. Tejeda, Hernan A. & Kim, Man-Keun, 2020. "Dynamic price relationships and price discovery among cheese markets," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(1), September.
    7. Rezitis, Anthony N. & Rokopanos, Andreas & Tsionas, Mike G., 2021. "Investigating dynamic price co-movements in the international milk market using copulas: The role of trade agreements," Economic Modelling, Elsevier, vol. 95(C), pages 215-227.

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