After expanding rapidly throughout most of 2020, European milk production growth slowed markedly in December in large part due to rising feed costs, but the lull in what have been persistent milk production gains be short lived, according to Monica Ganley, analyst with the Daily Dairy Report and principal of Quarterra, a consulting firm in Argentina.

“Modest December milk production growth in key European markets has temporarily assuaged concerns about an impending oversupply and is keeping upward pressure on dairy commodity prices,” says Ganley. “However, the relief could be short lived.”

With this spring’s seasonal peak in the Northern Hemisphere just months away, and producers in both Europe and elsewhere hoping to grow production this year, global milk output could still be very robust in 2021, she says.

Source

Back to Latest