Ireland and the rest of the European Union continues to produce milk since the abolishment of quotas, with EU milk production up 3.9% in September, EU Milk Market Observatory (MMO) figures show.
World milk production also continues to increase. However, the MMO’s economic board has warned that growing global milk production is causing some bearish market sentiment.
In its November update, it said that demand remains strong but is being outpaced by supply.
A correction is therefore needed to address current imbalance and avoid stock build-up, according to the board.
Since September, the EU has led world milk production growth. Globally, production is up by 1.6% in January to September and by 2% since May.
With an average demand growth of 1.5%, the MMO is warning that the global milk market situation is becoming increasingly unbalanced.
World production
The figures from the MMO show that EU milk production is firmly back in growth mode, with production up 3.9% in September and up 0.6% between January to September, year-on-year.
The increase in production was led by Poland, Ireland and now also Germany and France, where a recovery in production is being encouraged by high milk prices and favourable weather.
For 2017, overall EU milk production is expected to be up 0.7% and in 2018 production is to rise 1%.
Milk production statistics for the other major milk producing regions of the world show:
New Zealand milk collections in October were up 2.7%.In Australia, milk production was up 6.7% in October.US milk collections were up 1.4% in October.South America’s milk production is recovering also, with rising milk prices playing a role here.Global milk production is expected to rise by 1.5% in 2017, the MMO said. Read more
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Ireland and the rest of the European Union continues to produce milk since the abolishment of quotas, with EU milk production up 3.9% in September, EU Milk Market Observatory (MMO) figures show.
World milk production also continues to increase. However, the MMO’s economic board has warned that growing global milk production is causing some bearish market sentiment.
In its November update, it said that demand remains strong but is being outpaced by supply.
A correction is therefore needed to address current imbalance and avoid stock build-up, according to the board.
Since September, the EU has led world milk production growth. Globally, production is up by 1.6% in January to September and by 2% since May.
With an average demand growth of 1.5%, the MMO is warning that the global milk market situation is becoming increasingly unbalanced.
World production
The figures from the MMO show that EU milk production is firmly back in growth mode, with production up 3.9% in September and up 0.6% between January to September, year-on-year.
The increase in production was led by Poland, Ireland and now also Germany and France, where a recovery in production is being encouraged by high milk prices and favourable weather.
For 2017, overall EU milk production is expected to be up 0.7% and in 2018 production is to rise 1%.
Milk production statistics for the other major milk producing regions of the world show:
New Zealand milk collections in October were up 2.7%.In Australia, milk production was up 6.7% in October.US milk collections were up 1.4% in October.South America’s milk production is recovering also, with rising milk prices playing a role here.Global milk production is expected to rise by 1.5% in 2017, the MMO said. Read more
Listen: CAP budget stumbling block in SMP stocks
Listen: from milking 72 cows to 430 cows in just three years
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