Analysts called the current year successful for the global dairy sector

This year will be profitable for the world's largest producers of milk and dairy products. The Dairy Reporter agency writes about this with reference to Rabobank analysts. Experts expect that these players can increase profits again after last year's decline by increasing product prices. In particular, prices for butter in the United States and many other types of products will be “sustainably high.” The exception will be cheddar cheese, which will fall in price due to increased supply due to expanded production capacity. However, the organization did not disclose the exact cost of dairy products. Dairy consumption in Russia has reached a record high in 28 years Analysts also expect an increase in milk production in most market players: the United States, as well as China, the European Union, Argentina, Brazil, Australia and New Zealand. According to their calculations, this will happen in the second half of this year, but the expansion of production itself will take some time. At ...