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The outlook for the global dairy market is improving

Published Jul 25, 2020

Tridge summary

Supply chains had to be quickly modified when a new type of coronavirus outbreak broke out, at which point many countries focused on selling dairy products in the food industry, the U.S. Department of Agriculture (USDA) wrote in its semi-annual dairy market analysis. In parallel, export sales have temporarily deteriorated and there have been serious concerns that global import demand may collapse.

Original content

In the United States and the European Union (EU), there has also been concern that stocks of skimmed milk powder in particular have risen sharply. Domestic sales and export market prospects have risen in many markets in recent weeks. In the EU, for example, exports of cheese and butter already exceed the previous year's time-proportionate volume. In the meantime, however, U.S., Australian and New Zealand producers are also striving to gain better positions in the global market. Despite all the problems, the USDA analyzes that milk production in the European Union has reached surprisingly high levels. By April 2020, milk production was about 2 percent higher than the previous year. However, there are indications that dairy weather in the EU slowed in May and June due to drier weather conditions. According to Eurostat, the milk market in France, Italy and the United Kingdom fell by 2%, 8% and 1% respectively in May 2020 compared to May 2019. In 2019, about a third of total EU milk ...
Source: AgroForum
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