IDF World Dairy Situation 2018 launched at World Dairy Summit

Pashu Sandesh, 22 October 2018

International Dairy Federation has released a comprehensive report “ World dairy situation 2018” at the World dairy summit organised at Daejeon, South Korea recently. The report is prepared by the Dairy experts from all around the Milk producing countries of the World under the instructions of IDF Standing Committee on Dairy Policies and Economics (SCDPE).

“The IDF World Dairy Situation 2018 will further your understanding of the current macro supply and demand trends affecting the dairy sector,” said Gilles Froment, chair, IDF Standing Committee on Dairy Policies and Economics.

“The publication contains a comprehensive set of dairy industry statistics and provides an insight on the wide range of policies and economic factors which influence a world that is increasingly focussed on food safety, quality, nutrition, sustainable development and global trade,” he added.

Salient points of the report are as follows:

• Milk fat-driven recovery of the market resulted in profitable milk prices throughout most of 2017, propelling above-average milk production growth last year. The strongest growth was recorded in India, Pakistan, Turkey, Australia, Poland and the United Kingdom
• There was greater import demand by China last year due to a shortfall in milk production. The East Asian country regained much of its strength as the number one dairy importer in the world after local stock positions normalised in 2016. The demand growth is in UHT milk, mozzarella and cream cheese
• Key export regions like Oceania, the United States and the European Union (EU) will see their cheese production grow in years to come as they have to keep up with the accelerating import demand in Asia, with Japan, the Republic of Korea and China being important destinations.

This 200 page Annual report provides an overview of the dairy sector in over 50 countries around the world. Report also provide macro supply and demand trends in the dairy sector with data on global milk production and processing, pricing, consumption and trade.