Markets and Trade

Dairy Market Review - October 2018

Year of publication2018
AbstractWorld milk output is forecast to reach nearly 828 million tonnes in 2018, up 2.1 percent from 2017. This year, milk outputs are anticipated to increase in all major regions, with the largest increase is anticipated in Asia, followed by Europe, North America, and South America. Africa, Oceania and Central America are anticipated to recover from downturns experienced in 2017. In 2018, World dairy exports are forecast to reach 75 million tonnes, up 2.7 percent from the revised export figures for 2017. In 2018, much of the expanded global exports is expected to originate in the Americas and Oceania; stable in Europe and Africa; but to decline in Asia. The FAO Dairy Prices Index averaged 191.5 in September 2018, 6.4 percent higher than the level in January this year. At this level, the index is 14.6 percent below the corresponding month last year, and 30.5 percent below that of the peak it reached in February 2014.
Available inEnglish
Product typeJournal, magazine, bulletin
SeriesDairy Market Review
Areas of workGlobal Commodity Markets
CommodityMilk and dairy
Keywordsdairy industry; milk products; international trade; trade statistics; world markets; forecasting