IDF World Dairy Situation’18 launched at World Dairy Summit in Daejeon
THE IDF WORLD DAIRY SITUATION 2018 report was launched at the World Dairy Summit in Daejeon, South Korea. It was put together by IDF experts from dairy-producing countries around the world under the scope of work by the IDF Standing Committee on Dairy Policies and Economics (SCDPE). The Indian delegates were also present at the launch. “The IDF World Dairy Situation 2018 will enlarge understanding of the current macro supply and demand trends affecting the dairy sector,” said Gilles Froment, Chairman, 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 focused on food safety, quality, nutrition, sustainable development and global trade.
The 200-page flagship publication of the IDF provides an overview of the dairy sector in over 50 countries around the world. The annual publication offers useful insight on macro supply and demand trends in the dairy sector with data on global milk production and processing, pricing, consumption and trade.
The main findings of the report are:
● 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 normalized in 2016. The demand growth was noticed 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.
Ms. Caroline Emond, Director General, IDF, said the World Dairy Situation 2018 provided an informative outlook on the dairy sector. This publication presents data on the dairy sector in respective countries, not just at the farm level. Useful information on national and global dairy production, consumption and trade flows are beneficial to producers and processors. The analysis of demand and supply trends help in decision-making and strategic planning to seize market opportunities.