Market report: Dairy

FOR the past few years dairy has been focused on increasing throughput of its factories. By: SIMONE SMITH

Global milk production registering strong

Milk production in the United States is expected to increase by 2.9 percent this year, registering a second year of strong growth. Total output is expected to climb to 93.3 million tons, according to the recently published biannual report on Global Food Markets by the Food and Agricultural Organisation of the United Nations.

High dairy debt and low payout a worry

The Reserve Bank says there is a risk to the banking system from the dairy sector where payouts to farmers have slumped after a fall in international prices.

China Liquid Milk Industry Report, 2014-2017

Driven by China’s economic development, the improvement of people’s living standards, the adjustment of dietary structure and many other positive factors, China’s dairy product output and demand have increased significantly in recent years.