exports rose 10.2% YOY in June but declined 4.3% YOY across the full season.

Cheese exports rose 11.3% YOY but were down 1.6% over the full season, reflecting a 25.9% YOY decline (17,596t) in shipments to Japan. Following three consecutive monthly declines, SMP exports rebounded in June, up 12.5% YOY, but still declined 4.1% in 2025-26 with weaker shipments to China and the Middle East. Butter exports consistently declined since February 2025 to 7,783t in 2025-26. Most of the nearly 6,000t fall (-43.9% YOY) was in shipments to SE Asia and EU27. AMF exports also weakened, down 17.1% YOY in June and 25% over the full season. WMP exports fell 28.2% YOY in June, extending a soft 2025-26 season that finished down 7% YOY, mostly due to weaker shipments to SE Asia.