Milk production in the European Union is expected to slightly decrease this year due to a decrease in the dairy herd and slower productivity growth. The decrease in the number of dairy cows in the Netherlands is particularly significant due to new regulations on reducing emissions. Farmers in the EU are faced with the dilemma of investing in new production methods or switching to meat production due to environmental and animal welfare policies, as well as low prices and high production costs. On the other hand, global milk production is expected to increase in 2023, driven by countries like the United States, India, China, and Brazil.