Buoyed by rising export availabilities, dairy prices weakened in the second half of 2018. Milk production increased in key producing countries, including New Zealand in the 2018/19 production cycle. Aided by high production in some regions, global butter supplies improved in recent months, while cheese trade expanded in 2018 at a slow pace than in 2017. Trade in Skim Milk Powder (SMP) and Whole Milk Powder (WMP) expanded on ample...

World 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...