Meanwhile, global exports of dairy products experienced challenging conditions in the first half of 2015, according to a report by Eucolait. Lacklustre demand from importing countries such as China and Algeria had an impact on exports of WMP, which were down 9% compared to the first half in 2014.
In addition, the Russian ban resulted in cheese exports from Europe down 100k tonnes (13%) for the year ending June 2015, compared to the same period last year.
Despite this, Europe remains the strongest player in the global cheese market and is growing exports to markets such as the US and Japan.
Source: FarmingLife