Analysts predicted global raw milk production in 2023
Market & Price Trends
Published Oct 25, 2023
Global raw milk production is expected to increase by 2.1 percent this year, reaching 956 million tons. The countries with the highest projected increases in production are Belarus, Turkey, New Zealand, the European Union, and the United States. However, Chile, Japan, Australia, and Argentina are expected to see a decrease in production due to factors such as drought and technical issues.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
He named six countries where production of the product should increase. Ours also got there, with an expected growth of 3.5 percent. The most noticeable increase will be in Belarus by six percent, by 3.6 in Turkey, 2.6 in New Zealand, 0.7 in the European Union (EU) and half a percent in the United States. This may be due to high livestock productivity and the use of new technologies in these countries, especially the USA and Europe. However, a less significant increase in the last two will be associated with the so-called “high base effect”, since now the possibilities for further increasing production have reached their limit. At the same time, a decrease in the indicator is expected in Chile (by 4.7 percent), Japan (by 4.3), Australia (by 1.7) and Argentina (by 0.3). Here, the reasons may be the loss of natural green feed for livestock due to drought and technical production problems. The head of the Dairy Union noted the low level of milk consumption in Russia The analyst also ...