IFCN Outlook: Milk demand grows faster than supply

After the last world milk price crisis in 2016, farm gate milk prices have stabilised during the last 2 years, reaching US$?35/100 kg ECM*. This was concluded at the recent IFCN annual conference in Italy where the latest data and outlooks for the future dairy markets and milk price development were presented. Factors impacting dairy demand 2019 Presenting its long-term and short-term outlooks, IFCN showed that milk demand growth until 2030 is estimated at 304 million tonnes ECM which represent