IDF World Dairy Situation 2018 report launched
The IDF World Dairy Situation 2018 report has been launched at the World Dairy Summit, which takes pace in Daejeon, Korea this week.
The 200-page publication provides an overview of the dairy sector in over 50 countries and offers useful insights on macro supply and demand trends in the dairy sector with data on global milk production and processing, pricing, consumption and trade.
The main findings of the report are:
- Milkfat-driven recovery of the market resulted in profitable milk prices throughout most of 2017, propelling above-average milk production growth last year. The strongest growth was recorded in India, Pakistan, Turkey, Australia, Poland and the United Kingdom.
- There was greater import demand by China last year due to a shortfall in milk production. The country regained much of its strength as the No.1 dairy importer in the world after local stock positions normalised in 2016. The demand growth is in UHT milk, mozzarella and cream cheese.
- Key export regions like Oceania, the US and the EU will see their cheese production grow in years to come as they have to keep up with accelerating import demand in Asia, with Japan, the Republic of Korea and China being important destinations.
IDF director general Caroline Emond says, “This publication presents data on the dairy sector in respective countries, not just at the farm level. Useful information on national and global dairy production, consumption and trade flows are beneficial to producers and processors. The analysis of demand and supply trends help in decision-making and strategic planning to seize market opportunities.”
The World Dairy Situation 2018 was produced by a team from ZuivelNL and CNIEL. The publication is available online at https://store.fil-idf.org/