IDF delivers dairy outlook

23 Sep 2015

The World Dairy Situation 2015, the International Dairy Federation’s (IDF) flagship publication, has been presented during the Dairy Policies and Economics conference at the IDF World Dairy Summit. The report aims to give an outlook of the latest dairy data in the world, from the production, processing, industry, consumption, trade, and prices perspectives. Current trends and […]

IDF delivers dairy outlook

milkThe World Dairy Situation 2015, the International Dairy Federation’s (IDF) flagship publication, has been presented during the Dairy Policies and Economics conference at the IDF World Dairy Summit.

The report aims to give an outlook of the latest dairy data in the world, from the production, processing, industry, consumption, trade, and prices perspectives. Current trends and expected evolutions are assessed in depth. In addition to official data from various sources, country reports are based on questionnaires filled in by IDF National Committees, as well as other national contributors.

The report not only offers the most complete and detailed overview of the dairy situation possible, IDF said, but also the opportunity for individual nations to present information on their own dairy sectors.

”The year 2014 was characterized by the start of a market turnaround,” said Véronique Pilet, responsible editor of the World Dairy Sitation Report. “Total milk production was estimated at around 802 million tonnes, a significant increase of +3.3% compared to 2013. Abundant milk deliveries led to further output of most dairy categories, especially milk powders and butter.”

“World dairy trade developed accordingly, showing solid increase on the whole and representing nearly 9% of global milk production. This did not prevent dairy markets plummeting almost continuously until 2015. On average farmgate milk prices reached record highs in 2014 before a serious downward trend. Mergers and acquisitions are still intensifying and becoming increasingly global. “

“International projections expect a population of 9 billion inhabitants in 2050, and thus an increased need for food in the coming decades. In 2014, global per capita dairy consumption was estimated at 110.7 kg. According to the OECD and FAO, it should increase by 13.7% by 2023. Consumption should increase all the more in developing countries.”