EU-28: Dairy and Products Annual

Commodities

Post estimates that 2018 European Union (EU) milk deliveries will increase by 1 percent over 2017 and will grow by an additional 1 percent in 2019 due to consistent domestic and international demand. The spring and summer 2018 drought in Northern and Eastern Europe will moderate milk production during the second half of 2018 and the first half of 2019. Post expects higher 2018 milk production will lead to an uptick in cheese, butter, and non-fat dry milk (NFDM) production. Post forecasts 2018 whole dry milk (WDM) production to decline due to lower export demand. In February 2018, the EU started to gradually reduce its NFDM stocks through tendering. Post expects that NFDM stocks will decrease by over 30 percent by December and will continue to be reduced in 2019.

EU-28: Dairy and Products Annual