In-depth understanding of global supply and demand trends
“2018 and early 2019 will see balanced supply and demand overall but high price volatility” Mélanie Richard, Head of Economy, CNIEL
The Dairy Outlook session opened with the launch of the new edition of IDF’s flagship publication, the 2019 IDF World Dairy Situation Report. Developed by experts from dairy producing countries around the world, the report provides an in-depth understanding of the current macro supply and demand trends affecting the dairy sector in over 50 countries around the world. The report offers strategic insights into a dynamic and growing world dairy market for use by producers of milk, dairy product manufacturers, and ultimately consumers of those products around the globe, the report’s contents, including statistics on production, consumption and trade in all regions of the world, as well as specific observations from IDF member countries, will help the reader to better understand and deal with the many challenges and opportunities facing the global dairy market. Selected insights:
Focus on the Turkish Dairy Sector
“Total export value of Turkey’s dairy products is more than $325M” Professor Nevzat Artik of Ankara University
Turkey is the 8th largest milk producer in the world and the 3rd largest producer in Europe. Key products for export in Turkey are cheese, whey powder and milk powder, with the leading markets for dairy products Saudi Arabia, Qatar, Iraq, Azerbaijan, United Arab Emirates. Total import value is around $92M, with butter and cheese the leading imports and New Zealand, Ireland and Ukraine the main suppliers.
OECD‑FAO Agricultural Outlook 2019‑2028
Analysis of the market situation and projections for world and national dairy markets for the ten-year period 2019-28 from Jonathan Brooks, Head of Agro-Food Trade & Markets at the OECD presented a generally positive outlook for dairy globally:
Global consumer trends
“We’re in a situation now that the consumer voice is beginning to shape policy. We need to ensure that this is not at the expense of science and nutrition” Zoe Kavanagh, Chair of IMP & CEO of National Dairy Council
In a preview of IDF’s upcoming Global Marketing Trends report released later in the year, global trends shaping policy were discussed. Key points of caution for the sector:
The IDF Global Marketing Trends report will be available in January 2020.