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FAS/Canada projects milk production flat into 2024, based on declining fluid milk consumption, and steady requirements for industrial milk. Production of cheese and butter is forecast to increase modestly in 2024, as stocks have been recovering, and...
On September 29, Japan’s Ministry of Agriculture Forestry, and Fisheries reaffirmed its January announcement that for Japanese fiscal year (JFY) 2023 tariff rate quota volumes for butter would increase to 10,320 MT, but would remain at 750 MT for non...
Milk, cheese, and butter production in 2024 are forecast to increase due to relatively lower input and dairy ingredient prices and strong domestic demand. Mexico is forecast to remain a net importer of skim milk powder due to competitive...
FAS China (Post) forecasts China’s raw milk production in 2024 to remain high. However, declining raw milk prices have caused financial losses for a large number of raw milk producers and slowed the growth in production that the market experienced in...
Brazil's dairy industry has recently undergone considerable changes to both production and structure of the industry. The change in the dairy sector is the result of Brazilian producers being discontent with the high level of competition from...
Fluid milk production will drop slightly in 2024 as the number of cows in milk decreases. Tourism stimulated by foreign visitors will boost demand for dairy products in the foodservice industries, which will offset the dip in retail sales. Japan’s...
Domestic production is projected to drop to 1.93 million tons in 2023 after reaching 1.98 million tons in 2021. Milk production is expected to show a downward trend due to the decreasing number of dairy farms, decreasing number of milk cows, and...
FAS Manila forecasts demand for dairy products to increase 3 percent to 3.5 million metric tons (MT) in liquid milk equivalent (LME) in 2024, as high prices slow growth in consumer demand. The Philippines imports 99 percent of its dairy requirement...
Ukraine’s dairy cow inventory decreased drastically after the full-scale Russian invasion in February 2022. The industry had to reduce the number of animals due to supply chain disruptions for raw milk delivery to processing facilities. In 2022...
The government focus on modernizing and expanding the dairy sector remains a priority. In September 2023, APHIS signed the bilateral export certificate for U.S. bovine semen and embryos, with substantial interest from the Algerian dairy sector. At...
EU milk production in 2024 is forecast to fall slightly to 149.5 million metric tons (MMT), returning to similar levels of 2022 as a result of declining cow numbers and lower milk production profitability. With stable demand from domestic and export...
New Zealand fluid milk production in 2024 is forecast to decline by 0.5 percent to 21.4 million metric tons (MMT). This situation results from recent decreases in farm gate milk price forecasts, as well as rising interest rates, which are expected to...