Markets and Trade

Dairy Market Review - Emerging trends and outlook, December 2020

Year of publication2020
AbstractThe December issue of the FAO Dairy Market Review highlights the emerging trends and outlook. It indicates that international dairy prices are rebounding slowly, but remain below their pre-pandemic levels. Considering the overall dairy product price movements from January to November, only cheese quotations registered an increase, reflecting persistent and robust import demand from Asia and internal demand in Europe. Despite COVID-19-related market disruptions, world milk production is rising, mostly in Asia, but also in Europe and North America. In the meantime, international trade in butter, cheese and whole milk powder could expand, but skim milk powder trade (SMP) may contract.
Available inEnglish
Product typeJournal, magazine, bulletin
SeriesDairy Market Review
Areas of workGlobal Commodity Markets
CommodityMilk and dairy
Keywordsdairy industry; milk production; milk products; market prices; commodity markets