Tridge summary
The International Dairy Federation's president, Piercristiano Prazzale, identified a growing global demand for milk, with world trade expected to increase at a rate of 3% per year until 2030, led by China, Southeast Asia, and Africa. He highlighted India's ambition to become the world's leading milk producer and consumer by 2030. Latin America, with its abundance of natural resources, also presents a market opportunity for dairy producers. However, political and economic factors could limit its growth. The Pan-American Milk Congress, held in Quito, also addressed the potential impact of inflation, high-interest rates, and COVID-19 restrictions on dairy prices due to reduced consumption. The event underscored the importance of milk consumption for its nutritional benefits and the development of the dairy chain, especially in Ecuador, where milk consumption is vital for around 1.2 million people.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The growing global demand for milk offers opportunities to Latin American producers who are exporters, said the president of the International Dairy Federation (FIL), Piercristiano Prazzale. During the sixteenth Pan-American Milk Congress, held in Quito, the director stated that "from now to 2030, world trade will grow at 3% per year, and demand will be led by China, Southeast Asia and Africa. The United States will consolidate its presence exporter and New Zealand will have a lower export surplus". Likewise, he pointed out that India aims to consolidate itself as the world's leading producer and consumer of milk by 2030. He added that "there is a market opportunity that could well be taken advantage of by the South American and Latin American dairy sector." South America "has an abundance of natural resources to become a stronger global player, although it will be limited by political and economic factors." (Read: Future of specialized dairy in Colombia is uncertain: Bancolombia) ...
Source: MXContexto
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