Rabobank: World milk production will decrease

This forecast was made by Rabobank representatives, reports Infagro. The decline in the figure was equal to the previous quarter's estimate of 0.5% due to accelerated growth in most key world regions, including the US, EU and New Zealand. It turns out that until 2024 the growth rate is 0.4%, which is much less than the average increase of 1.6% in 2010-2020. “Swedish production is increasing, approaching its seasonal peak in Oceania, with the main focus being on milk powder production in New Zealand. Farmers in the region are under stress due to lower forecast prices for milk from Fonterra and other processing enterprises, and costs for production remain high. It turns out that the cost of seasonal production will be lower due to low prices for milk, and market participants are careful about what to eat after reaching the harvest peak,” experts explain. The Pivnichny Powder's smaller number of cows and lower productivity mean that it will be important for the production in the ...