The report, which was compiled by IFCN (International Farm Comparison Network), found that the growth in the global population will see demand for dairy products continue.
Torsren Hemme, managing director of IFCN, said: “There will be one billion more consumers on this planet that will have demand for milk products. Globally seen, each person will consume 13kg more in milk equivalent over ten years (ie 127kg per person in 2025). Therefore, the level of global milk supply will also keep growing, provided that the consumers still have positive preferences for milk and the political and overall economic situation is stable.”
Milk price will be the major driver of any expansion in milk supply. IFCN estimates a milk price of $41/100kg milk (40 c/l) at 4% fat and 3.3% protein, which is much higher than present levels. This milk price would allow the expansion of 208mT, which would be about 38 times Irish milk production.
ADVERTISEMENT
Irish connection
IFCN has its headquarters in Germany but has dairy experts from every continent in the world including Teagasc’s Fiona Thorne.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The report, which was compiled by IFCN (International Farm Comparison Network), found that the growth in the global population will see demand for dairy products continue.
Torsren Hemme, managing director of IFCN, said: “There will be one billion more consumers on this planet that will have demand for milk products. Globally seen, each person will consume 13kg more in milk equivalent over ten years (ie 127kg per person in 2025). Therefore, the level of global milk supply will also keep growing, provided that the consumers still have positive preferences for milk and the political and overall economic situation is stable.”
Milk price will be the major driver of any expansion in milk supply. IFCN estimates a milk price of $41/100kg milk (40 c/l) at 4% fat and 3.3% protein, which is much higher than present levels. This milk price would allow the expansion of 208mT, which would be about 38 times Irish milk production.
Irish connection
IFCN has its headquarters in Germany but has dairy experts from every continent in the world including Teagasc’s Fiona Thorne.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS