The growing global demand for milk offers opportunities to Latin America

Published Oct 19, 2022

Tridge summary

The International Dairy Federation's president, Piercristiano Prazzale, identified a growing global demand for milk, particularly in China, Southeast Asia, and Africa, with India aiming to become the world's leading producer and consumer by 2030. He noted opportunities for Latin America, especially Argentina and Uruguay, as major dairy exporters. The European Union and the United States lead in cow's milk production, accounting for over 50% worldwide, while milk prices are experiencing a downward trend due to high inflation and the potential for reduced demand caused by an economic recession and COVID-19 restrictions in China. The Pan American Congress de la Leche is set to address environmental, social, and technological issues in the dairy sector.

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Original content

Quito, Oct 19 (EFE) .- The growing global demand for milk, which aims to consolidate India as the world's leading producer and consumer by 2030, opens up opportunities for Latin America, which has Argentina and Uruguay as major exporters, he said Wednesday. the Italian Piercristiano Prazzale, president of the International Dairy Federation (FIL/IDF). "By 2030, world trade will grow at 3% per year, and demand will be led by China, Southeast Asia and Africa. The United States will consolidate its export presence and New Zealand will have a smaller export surplus," he said during the 16th Pan American Congress. de la Leche, inaugurated this Wednesday in Quito. Prazzale added that "there is a market opportunity that could well be taken advantage of by the South American and Latin American dairy sector." He pointed out that South America "has an abundance of natural resources to become a stronger global player, although it will be limited by political and economic factors." "It is a ...

Source: Elperiodicodemexico