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Россия 05.06.2020

In January-May, milk production in the world increased by 1.1%

Источник: The DairyNews
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In January-May 2020, global production growth was 1.1% compared to last year (taking into account adverse weather in New Zealand and the EU and instability associated with the pandemic). The price of milk in January-May 2020 remained at the level of 38.2 dollars per 100 kg, similar to this period last year, said analysts at the Dairy Intelligence Agency at the end of the annual conference IFCN.

IFCN forecast for 2020 is as follows: growth in milk production +1.4% (+10.5 million tons of milk and in 2021 growth + 1.9% or + 15 million tons of milk), demand growth +1.2% (that is, it will slow down, but still not fall), the price of milk 31-34 dollars per 100 kg. That is, the excess of milk on the market will be about 2 million tons, that is, the difference between production and consumption, which will go into stocks.

At the moment, a significant drop in milk prices was observed according to IFCN data only in some regions, for example, in the United States, milk prices fell by 29% in May 2020 compared to February 2020, in India - by 19%, writes The DairyNews.

There are also more pessimistic forecasts, Rabobank predicts the price of milk in the next 12 months at the level of 25-27 dollars per 100 kg, the Agency FC Stone predicts a decrease in the price to 27 dollars per 100 kg in the third quarter of 2020, but Fonterra gives a wide range of 26-33 dollars per 100 kg.

Read more at © DairyNews.ru

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