IFCN report: Higher costs, higher prices and more milk

The global average cost to produce 100kg of milk is US$?40.20. This is almost $?2 more than last year, mainly due to the devaluation of the dollar. The world milk price for 2019 is estimated to stabilise. This is according to the latest IFCN Dairy Report 2018. This report focuses on the dairy value chain, covering 115 country profiles representing 98% of total global milk production. Analysis has been done on 177 typical farm types in 53 countries. For the first time, fundamental indicators to