The world milk market in 2024: Milk production will decrease, and the cost price will increase

Published 2024년 2월 8일

Tridge summary

The EU's raw milk production volume in 2023 is expected to remain similar to 2022, with slight growth in Germany, Poland, and the Czech Republic, but decreases in Hungary and France due to farmer protests. The US is expected to see a 1% increase in raw milk production in 2023, with demand for dairy products, particularly butter and cheese, increasing in January 2024. However, the USDA predicts a decline in 2024 due to rising costs and environmental factors. Meanwhile, Australia saw a 2.1% increase in raw milk production from July-November 2023, despite a decrease in December and concerns over heat and rainfall. Australian dairy products have become more expensive in export markets due to increased production costs and raw milk shortages.

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

Original content

Production and demand Europe. According to preliminary USDA estimates, the volume of raw milk production in the EU in 2023 will most likely remain at the level of 2022. According to clal. it, in 2022, 144.64 million tons of raw milk were produced in the EU. AHDB assumes an increase in the production of raw milk in the EU by only 0.3% in 2023. In January 2024, the supply of raw milk on the European market was quite limited, and milking volumes were different in the EU member states and were lower compared to last year's period. For example, according to the USDA, the production of raw milk grew in Germany, Poland, and the Czech Republic, but decreased in Hungary and France. At the end of the month, supplies of raw materials began to decrease in Germany as well. Protests by farmers in Germany against the government's plans to reduce subsidies for the purchase of fuel and new agricultural machinery, and in France and Belgium against low purchase prices for raw milk from processing ...

Source: MilkUA