Milk sales fell $1.1 billion in 2018, says report from Dairy Farmers of America - News Summed Up

Milk sales fell $1.1 billion in 2018, says report from Dairy Farmers of America


In 2018, the U.S. was far from the land of milk and honey — or more specifically, milk and money — as far as some of the nation’s dairy farmers were concerned. The Dairy Farmers of America (DFA) recently announced that its members' sales had declined by $1.1 billion dollars in 2018, or what the collective is calling a “challenging” year. And it’s not just milk; the Plant Based Foods Association reported growing sales for plant-based cheeses, yogurts and creamers. Swedish oat milk brand Oatly, for instance, was unable to keep up with demand in December 2018, leading consumers to seek it out for five times the retail price online. The DFA, meanwhile, confirmed it was also going to concentrate on growing its export market, starting with opening a satellite office in Singapore, in addition to its stateside initiatives.


Source: Fox News March 29, 2019 13:18 UTC



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