Grocery stores are selling more milk for the first time in a decade as U.S. consumers use more of the staple during months at home because of the coronavirus pandemic.

It isn’t enough to reverse the fortunes of many struggling dairy farmers.

Sales of cow’s milk at supermarkets in the U.S. have risen 2% by volume this year from the comparable period last year, and more than 7% since the beginning of March, according to Nielsen, reversing 10 years of declines. Overall, though, domestic demand for dairy has dropped, as restaurants and hotels that purchase nearly a third of U.S. dairy products have closed because of the pandemic, and exports are expected to suffer, said Tom Bailey, senior analyst for agricultural lender Rabobank.

Source

Back to Latest