Milk market: The global imbalance of milk production

Published 2024년 11월 5일

Tridge summary

The USDA reports a stabilization of milk production in Europe, with variations across countries due to weather and disease conditions. The USA has seen a decrease in raw milk production in September, but an increase in October due to cooler weather. In Australia, production has declined due to drought, leading to higher milk prices and closures of processing facilities. Meanwhile, New Zealand is increasing its raw milk production to offset the US reduction. The European Commission reports a slight increase in the average price of raw milk in the EU, while the USDA reports a significant increase in the US. In Australia, prices have decreased due to increased imports, but are expected to rise in New Zealand due to increased costs.

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

Original content

Production and demand Europe. According to the USDA, the volume of milk in Europe stabilized in October. Although, milk production is not uniform depending on the country. In particular, in Germany and Ireland, the production of raw milk went down, while France and Great Britain, on the contrary, increased the volume of milk. The dairy industry of Western Europe was negatively affected by an outbreak of catarrhal fever among cows. According to Dairy Global, more than 6,000 cows have been affected by the disease in France. The countries of Central and Eastern Europe have been affected by the summer heat this year, which has affected the reduction of feed supply due to damage to crops and led to a decrease in the production of raw milk in certain regions. USA. According to clal. it, in September 2024, 8.25 million tons of raw milk were produced in the USA, which is 3.4% less compared to August of this year and 0.1% less compared to September 2023. However, according to the USDA, in ...

Source: MilkUA