South Korea: Dairy and Products Annual
Link to report:
Domestic milk production is forecast to return to 2.03 million tons after spiking to 2.1 million tons in 2020. Milk production in 2020 benefited from favorable weather and higher price expectations. At the same time, COVID-19 related school closures resulted in weaker fluid milk demand. The resulting imbalance resulted in higher dried milk production and large dried milk stocks.
