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Post forecasts that milk production in 2022 will reduce about five percent, to 23.7 million metric tons (MMT), while in 2023 it is expected to grow around 3.6 percent, reaching 24.5 MMT. Milk consumption in Brazil is expected to fall around four percent, but recover in 2023 by three percent.
This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in dairy products.