World Milk Supplies

Published 13 April 18

Milk production from the five key exporting regions of the EU-28, Argentina, Australia, New Zealand and the US are reported here to monitor trends in milk supplies.

These five regions account for over 65% of global milk production and around 80% of global exports of dairy products, and are therefore critical in influencing the direction of prices on global markets.

Detailed information on monthly milk deliveries in each of these regions is available in the downloadable file World Milk Deliveries - Selected Regions

The tracker* provides a baseline for comparing whether actual production is rising or falling as expected.

  • February deliveries^ averaged 800m litres/day, a rise of 2.1% on last year
  • Bad weather slowed down growth in average daily production in the EU-28, which had been up between 4%-6% year on year since September.
  • Most of the key producing regions recorded a year on year increase in production with the exception of New Zealand, which saw a drop in deliveries of 2.3%.
  • The strong recovery in milk production in Argentina, which has been suppressed over the past two years, has pushed global supplies up over what would be expected based on the tracker.

World Milk Supplies With Tracker

 

Annual Change World Milk Deliveries

^EU-28 deliveries for January are estimated based on reported data covering 87% of the total.

*Month-on-month movements in milk production in the key regions of the EU-28, Argentina, Australia, New Zealand and the US for the last five years were combined to create an average milk profile for a typical milk year. Applying this typical milk profile to milk production for these regions in March 2017 allows AHDB to create a milk profile for the coming year. This is not a forecast, but simply a baseline projection determined by historic trends.