Global milk deliveries
Updated 15 June 2022
Trends in global milk supplies impact on prices. Deliveries in the six key exporting regions are tracked to provide an overview of current production levels and trends in global milk supplies.
The milk production regions included are the EU-27, UK, Argentina, Australia, New Zealand and the United States. Combined, they account for more than 65% of global cow's milk production and around 80% of global exports of dairy products.
- Global milk production continued to record a year-on-year deficit in March, with total milk deliveries across the key producing countries down 0.7% on the year.
- Average daily deliveries were at 823.7 million litres per day, 5.8 million litres less per day than in March 2021.
- Adverse weather has severely impacted milk production in Australia, New Zealand and the US. Deliveries in March compared to the previous year dropped by 1.0, 1.1 and 1.2 million litres per day respectively.
- The UK’s average daily deliveries were down 2.2%, equivalent to a deficit of 1.0 million litres per day from March last year. High production costs are limiting the potential to increase volumes.
- In the EU-27, daily deliveries were down 0.5% on year earlier volumes. Although annual growth was seen in some areas such as in Italy (+2.9%) and Poland (+1.8), declines in the key nations of the Netherlands (-2.5%), Germany (-1.4%) and France (-1.2%) countered this. Ireland, which had mostly been in growth over the last year, was down 2.5% compared to March 2021.
- The only key region to see growth in milk production in March was Argentina, up 2.5% on the year at 27.4 million litres per day, recording their highest March milk production volume since 2015.
- The tracker is a baseline for comparing against actual production, not a forecast of milk production.
- The baseline is calculated using historic month-on-month movements in milk production, providing information on a typical milk year in each of the key regions.
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