Canada: Dairy and Products Annual

FAS/Canada projects modest milk production growth in 2025, based on a slight increase in fluid milk consumption, and steady requirements for industrial milk. Production of cheese and butter is forecast to increase modestly in 2025, in face of adequate stocks, and solid demand. Sustained growth in cheese imports is expected to continue into 2025, as fill rates of various tariff rate quotas improve, and market access commitments expand. Skim milk powder exports are expected to remain within the limits set by the United States-Mexico-Canada Agreement, as the industry continues to focus on producing high protein diary ingredients, like milk protein isolates.