Search our website enhanced by Google.
EU and US lead global milk supply growth
Thursday, 15 October 2020
by Kat Jack
Milk production from the 6 key dairy producing regions* is currently running 1.7% ahead of last year, according to our latest global milk deliveries data. These regions together have produced 194bn litres of milk so far this year (January-August 2020), up 3bn litres from the same period in 2019.
All key regions except the UK have grown production year on year. This was led by the EU and US in volume terms. These are the highest-producing regions of the group, and each went up by a little over 1bn litres on the year. However, the fastest growing regions were Argentina (up 8.4%) and Australia (up 4.9%), albeit on the back of relatively poor performances in 2019. New Zealand has been relatively steady, but as peak production isn’t until October there is still time for this to develop.
The UK is the only one of these regions currently down on the year, although only marginally. This is partly due to a high production year in 2019, and partly due to farmers actively limiting their production through the spring peak in response to the impact of coronavirus on the markets. In contrast, the first wave of the pandemic hit when the southern hemisphere countries had seasonally low production, lessening the impact of reduced demand. As for the EU and US, it seems that farmers had a different reaction to the changing markets. Differences in government support may have played a part in this.
*Argentina, Australia, EU, UK, New Zealand, US
Sign up to receive the latest information from AHDB.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.