News

Ireland: Derogation changes should not impact dairy production

Dairy
Ireland
Market & Price Trends
Innovation & Technology
Published Nov 8, 2023

Tridge summary

The potential for dairy products in Southeast Asia is significant due to changing demands and an aging population. Dairy exports to Malaysia and the Philippines are valued at €63 million and €72.5 million respectively, and there are hopes to increase exports by another €15 million. However, regulation changes may result in a reduction in the national dairy herd, and farmers will need to adapt to continue producing sustainable and economically viable dairy products.
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

The potential for dairy products in Southeast Asia is significant, according to Minister of State at the Department of Agriculture, Food and the Marine (DAFM), Martin Heydon, speaking to Agriland in Kuala Lumpur. Changing demands within the local population along with an aging population, has seen a increase in demand for sustainable dairy products. The minister noted that the changes in demand from the market now mean that our focus must move away from infant formula. Dairy exports to the Southeast Asian market are quite significant to Malaysia and to the Philippines. Dairy accounted for €63 million of exports to Malaysia, while for the Philippines dairy exports were valued at €72.5 million in 2022. Bord Bia hopes to increase dairy exports to these countries by a further €15 million, which Minister Heydon told Agriland he believes are very achievable. Advertisement Dairy production Although growth opportunities for dairy exports are significant, regulation changes could result ...
Source: AgriLand
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