Search our website enhanced by Google.
Global milk supplies to stay low despite growth in some regions
Thursday, 20 October 2022
Global milk production is expected to drop by 0.5% in 2022 across the key producing regions according to the latest forecasts. This is in line with expectations earlier in the year, although there have been shifts in individual outlooks.
Both Australia and New Zealand are projected to perform worse than had been expected in the mid-year forecasts, as is Argentina. For these southern hemisphere countries, the reductions are due to a combination of factors, including unfavourable weather conditions, poor grass growth, labour shortages and high input costs.
According to the summer forecasts, the combined production from these three regions was expected to reach 41.3 billion litres in 2022, 0.7% lower overall than the previous year. New forecasts, updated to account for the poor start to their seasons and continued weather challenges, now suggest a combined production figure of 40.7 billion litres. This is 2.2% down from 2021 and 642 million litres less than previously expected.
Meanwhile, the latest USDA forecast for 2022 milk production has shifted from a reduction (-0.1%) to growth (+0.3%). This is linked to expansion of the dairy herd and improved yields in the second half of the year.
For the EU and UK, updated forecasts remain roughly in line with those produced earlier in the year.
Sign up to receive the latest information from AHDB.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.