Source: US Department of Agriculture Foreign Agricultural Service
Post estimates that 2020 European Union (EU) milk deliveries will increase by one percent over 2019 due to continued global demand for dairy products, stable domestic demand, and market interventions introduced by the European Commission (EC) in June 2020. Milk deliveries will continue to grow in 2021, albeit more moderately, due to a reduction in the overall herd population and global market disruptions following the COVID-19 pandemic. Post expects cheese, butter, whole dry milk (WDM), and non-fat dry milk (NFDM) production will increase in 2020 due to higher milk deliveries. Post forecasts that production of dairy products will continue to grow in 2021, except for WDM production, which will plateau.