How much export supply is still required for the global dairy market

Over the last couple of years it became clear that the growth potential of milk production in both the EU and Oceania may be limited going forward. Both regions are faced with policy related sustainability constraints that will keep their milk surplus that is available for exports stable at best, but may even cause their export positions to diminish. Amongst the two of them they control about 55% of global trade. So the question which we will try to answer in this Dairyntel Market Insight is: will we see a new trade balance develop which will be much more constrained on the supply than in the past? Or can we expect a similar slowdown in import demand in years to come.

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