World Milk Supplies

Published 2 May 19

Milk production from the five key exporting regions of the EU-28, Argentina, Australia, New Zealand and the US are reported here to monitor trends in milk supplies.

These five regions account for over 65% of global milk production and around 80% of global exports of dairy products, and are therefore critical in influencing the direction of prices on global markets.

Detailed information on monthly milk deliveries in each of these regions is available in the downloadable file World Milk Deliveries - Selected Regions

The tracker* provides a baseline for comparing whether actual production is rising or falling as expected.

  • February 2019 deliveries averaged 796 million litres/day, 0.6% below last February’s figure of 801 million litres/day and marginally below expected levels
  • The reduction in milk supplies has been led by large reductions in production in Australia and Argentina. Despite the US and EU recording small increases in February, these were not large enough to balance this out.   
  • New Zealand’s milk production was static in February at 65m litres per day, the drought they are now experiencing impacting on a season of otherwise high production. Australia’s average daily production is down 12.6% for February as the drought continues to hamper production, while Argentina’s production has been badly impacted by high temperatures and flooding in key dairy regions since December 2018
  • February deliveries in both the US and the EU were up by 0.1% compared to last year, equivalent to 0.2 and 0.5 million litres/day on average respectively. In the EU, deliveries from the key regions of Germany, France, the Netherlands and Spain were all down in February, but these were balanced out by increases in the UK, Ireland, Poland and Italy.

  

World Milk Supplies With Tracker

 

Annual Change World Milk Deliveries

 

*Month-on-month movements in milk production in the key regions of the EU-28, Argentina, Australia, New Zealand and the US for the last five years were combined to create an average milk profile for a typical milk year. Applying this typical milk profile to milk production for these regions in March allows AHDB to create a milk profile for the coming year. This is not a forecast, but simply a baseline projection determined by historic trends, and is updated quarterly to correct for current trends.