Milk deliveries have remained stable in the first quarter worldwide

Published 2024년 7월 5일

Tridge summary

EU milk deliveries saw a slight increase in April, with Poland, Germany, and Spain experiencing the highest growth. However, Ireland experienced a significant decline. Overall, EU milk supplies increased by 1.1% until April 2024. Meanwhile, milk production in the United States, New Zealand, and Argentina decreased. The aggregate volume of the main dairy exporters increased by 0.3% from the same period in 2023. The price of butter and skimmed milk powder fluctuated due to unpredictable demand, especially in Asia, where European suppliers face strong competition from cheaper products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Milk deliveries in the EU have been growing since February. In April they increased 0.6%, a percentage almost as high as in March. Deliveries increased in Poland (+5%) and also somewhat in Germany. In Spain they increased by 1.1%. France no longer showed growth in April, after the increase in the previous months. The sharp decline continued in Ireland (-8%). Overall, EU milk supplies increased by 1.1% until April 2024. The outlook among the other globally important dairy exporting countries remained predominantly negative in April: Only Australia achieved sustained growth (+3%). In the United States, milk production decreased slightly. New Zealand also recorded another decline (-4%). Argentina's milk production continues to contract significantly (-16%). The supply of milk in Uruguay also fell sharply in April (-7%). The aggregate volume of the main dairy exporters (including the EU) was together 0.3% (350 million kg) higher up to and including April 2024 compared to the ...

Source: Agrodigital