A global trade analyst says ag export buyers have increased preventative planning and order amounts to overcome ongoing port constraints.
William Loux with the U.S. Dairy Export Council tells Brownfield just in time inventories are no longer an option as carriers from the U.S. have continued to leave with empty loads.
“Additionally, you’ve seen these carrier companies also be somewhat unreliable,” he says.
Loux says China in 2021 is the biggest example of this, buying significant amounts of dairy products and other ag exports for their supply chain. He expects other regions to build inventories this year and create buffer inventories.
