Global milk deliveries
Updated 18 October 2019
Trends in global milk supplies impact on prices. Deliveries in the five key exporting regions are tracked to provide an overview of current production levels and trends in global milk supplies.
The milk production regions included are the EU-28, Argentina, Australia, New Zealand and the United States. Combined, they account for more than 65% of global milk production and around 80% of global exports of dairy products.
- August saw a slight increase in growth for global milk supplies, with deliveries 0.5% above last year at 770 million litres/day. Deliveries for the year to date (Jan-Aug) are still 0.2% lower than last year.
- Year on year growth was reported in the EU, New Zealand, the US and Argentina’s while Australia’s production continues to lag behind.
- Australia’s average daily deliveries were down 5.9% in August as they continue to struggle with the aftermath of drought and a smaller dairy herd.
- New Zealand recorded a small year on year increase in average daily deliveries in August of 0.8%, as grass growth supported production.
- EU estimated production is up marginally (0.9%) due to higher production in some of the larger producing nations including France, Germany, the UK, Ireland and Poland.
- The latest EU-28 volumes are estimated.
- Month-on-month movements in milk production, over a five year period, are used to create an average milk profile for a typical milk year in each of the key regions.
- These are then combined to create a baseline for comparing against actual production.
- This is not a forecast of milk production but rather a baseline for comparison.