Global dairy market: Limited milk supply balanced by moderate demand

The article provides an overview of the current trends in raw milk production and market dynamics across various regions. In Europe, milk production varies, with Germany facing seasonal lows and the UK and Ireland experiencing increases, while drought impacts fodder in Central and Eastern Europe. Despite a slight rise in EU milk production, global demand is weak, notably due to China's reduced imports amid an economic crisis. The USA has seen a minor decrease in milk production, though some regions report increases due to favorable conditions. Oceania's milk production is up, driven by good weather and lower costs, but future growth in Australia may be hindered by drought. Despite China's reduced demand, New Zealand's dairy exports remain robust in other markets. Additionally, dairy product imports have risen in Arabia, the USA, and Malaysia, with European milk prices increasing due to limited supply and higher demand. In the USA, raw milk prices have also risen, while in Australia, milk prices are lower compared to previous seasons.