According to ZuivelNL's monthly Dairy Market Report, global dairy exporting countries saw a 0.8% increase in milk production in the first half of 2023 compared to the same period last year, with the EU experiencing a 0.7% increase overall. However, there were significant differences within Europe, with countries like Belgium, Germany, the Netherlands, and Poland producing more milk while Southern Europe faced production declines due to drought. Additionally, falling milk prices have led to a 12% increase in cattle slaughters, and the butter market is described as "thin" with little buyer interest. Prices for skimmed milk powder have also been declining due to low demand and ample supply.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The world's most important dairy exporting countries produced, on balance, 0.8 percent more milk in the first half of 2023 than in the first half of 2022. Chain organization ZuivelNL reports this in the monthly Dairy Market Report. Major differences within the EU On balance, milk supplies in the EU increased by 0.7 percent in the first six months. In June this increased by 0.3 percent, but the differences within Europe were large. Belgium, Germany, the Netherlands and Poland clearly produced more milk. The drought in Southern Europe is leading to a decline in production there. The milk supply has also been under pressure in Ireland for a number of months. Twelve percent more slaughters The growth of Dutch milk supply has weakened somewhat since May. In July of this year, 1.8 percent more milk was supplied than in July 2022. In total, 2.9 percent more milk was supplied in the first seven months of 2023 than in the same period last year. Falling milk prices also have consequences ...
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