This year, the report will focus on the effects of the economic crisis on the dairy industry. The report warns that the growth in production of cow milk, still representing 84% of the total world milk production, is expected to sharply decelerate in 2009. Milk production is expected to increase by the lowest growth rate in more than 10 years.
The report stresses, however, that this recession will not continue and in conjunction with the expected recovery of the general economy the demand will return to its path of growth. The long-term prospects for the dairy industry haven’t changed and there’s confidence that the world dairy market should soon be able to return to business as usual.?
“The forecast by the United Nations indicates that the world economy will return to growth in 2010 and beyond, though it may take several years to return to the high growth levels seen earlier this decade,” said Bob Yonkers, chair of IDF Standing Committee on Dairy Policies and Economics.??The World Dairy Situation 2009 is considered an essential and useful resource by the global dairy community and was presented at the annual IDF World Dairy Summit in Berlin.
The aim of this yearly review is to investigate major developments, new trends, and the evolution of demand for dairy products as well as gather statistics on production, consumption and trade in all regions of the world, more specifically in IDF member countries.?
Source: International Dairy Federation
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