Limited demand restrains prices: An overview of the global dairy market

Costa Rica
Published May 17, 2023

Tridge summary

An increase in milk production in the Northern Hemisphere amid limited demand for dairy products in Europe, China and Southeast Asia is restraining global commodity prices, which continue to move downward. The exception is the dairy market of Australia and South America, where production of raw materials is decreasing and prices are rising.

Original content

This was reported by the analyst of the Association of Milk Producers, Georgy Kukhaleishvili. Production and demand Europe. In the European market, the high milk season continues, when cows are increasing lactation, and the production of raw materials is increasing. According to Eucolait Secretary General Yukki Likitalo, EU member states increased milk production to 11.12 million tons (+0.5%) in March. According to clal. it, in March, such leading European dairy countries as Ireland increased milk production to 817,000 tons (+52%), Italy to 1.15 million tons (+9.7%) and Poland to 1.3 million tons (+9 .75%). In Lithuania, milk production grew to 102,000 tons (+8.82%). AHDB reports an increase in the volume of milk in the UK to 1.08 million tons, which is 1.2% more than in March last year. A certain stabilization of feed and fertilizer prices, a sufficient supply of grain on the market and favorable weather conditions contribute to the growth of raw material production. However, the ...
Source: MilkUA
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