The cream against the glass: They estimate that global milk production will grow this year, while in Argentina, the volume will fall

Cow Milk

United Kingdom

Brazil

Published Feb 16, 2024

Tridge summary

Global bovine milk production experienced a minor rise in 2023 and is projected to continue this upward trend in 2024, as per data from the Argentine Dairy Chain Observatory and the UK's Agricultural and Horticultural Development Board. However, the growth rate is decelerating due to factors such as low international prices, decreased demand, rising costs, and unfavorable weather conditions. While the US, EU, and Australia are expected to see increased production, a decline is anticipated in the UK, Argentina, and New Zealand. In South America, only Brazil and Uruguay reported growth in 2023, with Argentina and Chile facing a decrease due to drought and escalating production costs.

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.

Original content

According to data recently published by the Argentine Dairy Chain Observatory, world bovine milk production grew slightly in 2023, but will still be at higher levels than in 2022. If the main producing countries are taken, which represent around 55% of world milk production According to data recently published by the Argentine Dairy Chain Observatory, world bovine milk production grew slightly in 2023, but will still be at higher levels than in 2022. If the main producing countries are taken, which represent around 55% of the world's production of cow's milk, an increase in production of 0.55% can be observed for the year 2023 compared to the year 2022. For the main exporting countries, the interannual evolution was at a decreasing pace and can be linked to low international prices, reduced demand (especially from China), increases in the main costs (food and energy), and adverse weather situations. These factors can contribute to an improvement in prices, which is being noticed ...

Source: Agroruralnoticias