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World dairy situation report

IDF launches 'World Dairy Situation 2018' report

At World Dairy Summit in Korea, International Dairy Federation released 2018 report covering supply and demand trends affecting global dairy industry.

The "World Dairy Situation 2018" report was launched at the World Dairy Summit in Daejeon, Korea, on Oct. 16. It was put together by International Dairy Federation (IDF) experts from dairy-producing countries around the world under the scope of work by the IDF Standing Committee on Dairy Policies & Economics (SCDPE).

“The IDF 'World Dairy Situation 2018' will further your understanding of the current macro supply and demand trends affecting the dairy sector,” SCDPE chair Gilles Froment said.

The publication contains a comprehensive set of dairy industry statistics and provides insight on the wide range of policies and economic factors that influence a world that is increasingly focused on food safety, quality, nutrition, sustainable development and global trade. The 200-page flagship publication of IDF provides an overview of the dairy sector in more than 50 countries around the world. The annual publication offers useful insight on macro-level 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 U.K.

- There was greater import demand by China last year due to a shortfall in milk production. The East Asian country regained much of its strength as the number-one dairy importer in the world after local stock positions normalized in 2016. The demand growth is in ultra-high-temperature pasteurized milk, mozzarella and cream cheese.

- Key export regions like Oceania, the U.S. and the European Union will see cheese production grow in years to come as they work 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 said "World Dairy Situation 2018" provides an informative outlook on the dairy sector. “This publication presents data on the dairy sector in respective countries, not just at the farm level,” Emond said. “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" report was produced by a team from ZuivelNL and CNIEL. The publication is available online at https://store.fil-idf.org.

TAGS: Dairy Business
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