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Improved production efficiency and a larger cattle inventory are expected to increase China’s raw milk production by four percent, to over 42 million metric tons (MMT), in 2023.
EU environmental restrictions and elevated input costs are depressing milk production in 27 European Union Member States (EU27). Additionally, the increase in cow productivity can no longer compensate for the decline in the EU27 dairy cow herd.
Post forecasts both rising dairy imports and production in 2023, due to a favorable exchange rate and increased domestic demand for dairy products.
Milk production in Australia in 2023 is forecast to decrease by three percent to 8.2 million metric tons (MMT). This is despite generally very good production conditions for 2023, particularly with record milk prices and easing grain and fertilizer prices.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
European Union: European Commission Proposes to Update Marketing Standards for Agricultural Products
On April 21, the European Commission proposed to update the marketing standards of select agriculture products such as fresh fruit and vegetables, nuts, honey, juices, eggs and poultry.
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.