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- (-) October 2024
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FAS New Delhi forecasts India’s total milk production in 2025 to rise to 216.5 MMT, attributable to the growing herd size of animals in milk, increased government support for the dairy sector, the expected continuation of good weather, high milk prices, and an absence of a major disease outbreak.
FAS/Seoul forecasts Korea’s 2025 milk production to decrease to 1.92 million tons. Korean milk production continues to decline in line with industry contraction and demographic-driven consumption declines.
The Chilean dairy sector is crucial to the economy, producing milk, cheese, butter, yogurt, and powdered milk. In marketing year (MY) 2024, milk receipts increased by two percent to 1,293 million liters, and fluid milk production rose by seven percent.
FAS/Canada projects modest milk production growth in 2025, based on a slight increase in fluid milk consumption, and steady requirements for industrial milk.
Post forecasts demand for dairy products to increase 2 percent to 3 million metric tons (MMT) in liquid milk equivalent (LME) in 2025.
Starting in 2025, Taiwan will eliminate tariffs on liquid milk imports from New Zealand. Taiwan dairy farmers are worried about the future, as the primary dairy product in Taiwan is fresh milk, with only a small portion used for other dairy beverages or products.
In 2025, Ukraine’s fluid milk production will decrease slightly due to growth in the size and productivity of industrial farms, despite a larger decrease in dairy cow inventory.
Post forecasts domestic raw milk production to grow marginally due to improved dairy milk yield despite declining cow inventories in 2025.
Milk production in Brazil for 2024 is expected to increase by 1 percent to 25 million metric tons (MMT) and to increase again in 2025 to 25.4 MMT.
New Zealand fluid milk production is forecasted to be 21.3 million metric tons (MMT) in the 2025 market year (MY).
EU milk production in 2025 is forecast to decline marginally to 149.4 million metric tons (MMT), from an estimated 149.6 MMT in 2024, as a result of declining cow numbers, tight dairy farmer margins, environmental regulations, and disease outbreaks.
Mexico’s dairy market is forecast to expand in 2025. Higher milk and dairy ingredient availability are expected to increase domestic cheese and butter production.