Exploit dairy opportunities in top 20 countries

Jeffrey Rosensweig, director of the Goizueta Business School at the Emory University, said dairy companies must exploit the global 20 big economies’ markets. Jeffrey said for dairy exports, knowing how these economies are faring is important to one’s business. “Key economies projected to grow in 2016 and 2017 (in order) are India, China, Indonesia, Turkey, Nigeria, Mexico and South Korea,” he explained. Jeffrey added that the fastest-growing economies also are the most populous countries, which is good news for dairy and exports. “Even though China’s growth has slowed, it still has been strong compared to most economies. While China remains the world’s largest dairy importer, I believe India has a bright future. For one, it is a democratic society, which allows for a freer flow of ideas. Then there is the sheer numbers factor. Within seven to eight years, India will pass China for the world’s largest population,” said Rosensweig. – Hoard’s Dairyman To read more about this, click HERE.