Global milk demand expected to outpace supply over the coming years
- ZISK
- a few seconds ago
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Within any market scenario, prices will generally always strengthen when demand outstrips supply. Local dairy farmers have enjoyed the benefits of such a scenario over much of the last 12 months. And, yes, farm gate prices have started to ease back recently as production responded to favourable conditions.
The reality is there will always be short to medium term impacts on global markets on a day-to-day basis. But the good news is that dairy can look forward to a future where it continues to play a central role in communities worldwide, generating livelihoods, fostering economic stability and delivering essential nutrients to billions.
A combination of a continuing increase in the world’s population over the coming decades with a strengthening of dairy consumption rates on a per capita basis are driving this trend.
By Ian Stevenson
