The world dairy market latest reports published

Published 2021년 6월 7일

Tridge summary

The global dairy market has seen a price recovery in the first quarter of 2021 due to a slowdown in milk production caused by decreased deliveries in the EU-27, which was not balanced by increased production in the USA and New Zealand. The USA set a record in March, leading to a +1.0% increase in production in the first quarter of 2021, while New Zealand's dairy campaign continued to perform well. Demand for dairy products in China surged, with significant increases in imports of skimmed milk powder, cheeses, and whey powder, whereas Japanese imports of cheeses remain stable, making it the primary outlet after the closure of the Russian market.

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

Original content

The world dairy market was characterized by a renewed dynamism in the early stages of 2021, with a good recovery in the prices of the main derivatives. In fact, in the face of sustained global demand, world milk production slowed down, as the decrease in deliveries in the EU-27, especially in the first quarter, was not offset by the favorable production season in the United States and New Zealand. Considering, in detail, the dynamics that affected the main exporting countries, in the USA a real record was recorded in March, which brought production in the first quarter of 2021 to + 1.0% compared to a year ago. ; also in New Zealand, the dairy campaign continued with a very favorable trend (+ 1.8% in the first ten months), without particular shocks due to climatic conditions and thanks to an increase in barn prices and strong demand from Asian countries On the demand side, Chinese imports of skimmed milk powder (+ 34% compared to January-March 2020), cheeses ...

Source: ITIsmea