Milk production in the EU will decline slightly in 2024

Published 2023년 12월 28일

Tridge summary

Milk production in the European Union is expected to decrease by 200 thousand tons to 144.6 million tons next year, due to declining product prices and high production costs. This situation has particularly affected developed countries like Germany, Spain, Poland, and France, and small dairy farms are especially vulnerable due to their inability to compete with larger producers and meet strict environmental standards. As a result, there will be further closures of dairy farms by small producers and a consolidation of the dairy market by larger players, which could potentially slow down the rate of population decline in Europe.

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

Original content

Next year, milk production in the European Union will decrease by 200 thousand tons to 144.6 million tons. IMIT writes about this with reference to the forecast of the US Department of Agriculture (publishes estimates of agricultural indicators not only in the United States itself, but also in other large agricultural countries - ROSNG). The department cited a steady decline in product prices in addition to persistently high production costs as the reasons. The first factor does not provide European livestock farmers with the necessary profitability, and the second adds to an already difficult situation. The ministry's report clarifies that this situation has affected even developed countries, which are among the largest producers of these products such as Germany, Spain, Poland and France. This indicates the serious scale of the problem. FAO specialist named the most dangerous diseases for global livestock production It is also noted that small dairy farms suffer especially ...

Source: Rosng