Global dairy demand expected to increase

According to the FAO and OECD, per capita dairy demand is expected to increase by 13,7% to 2030. This was one of the main points highlighted in a presentation on the World Dairy Situation Report, released at the International Dairy Federation’s World Dairy Summit 2015 in Vilnius, Lithuania, recently. The following is a summary of other salient points mentioned in the presentation by Veronique Pilet from CNIEL in France, author of the report. Total milk production during 2014 is estimated at 802 million tonnes, a significant increase of 3,3% on 2013. Higher production resulted in higher trade and 9% of total dairy production was traded internationally. Dairy prices decreased during 2014 and into 2015. Mergers and acquisitions are intensifying and it is becoming increasingly global. In 2014, global per capita dairy consumption was estimated at 110,7 kg.