As the battle over tariffs with China continues, the already suffering dairy market is taking another hit.
“The countries we compete against to earn customers in China don’t have the same duties, so the market dried up overnight,” he says.
Ryan says Darigold does about $50 million of business with China.
Prices for dairy products are depressed due to chronic oversupply and Ryan says these new tariffs are stressing dairy farms further.
He hopes the U.S. trade representative “will see this through and will come out with a good logical outcome.”