When it comes to 2015 dairy exports, New Zealand and the European Union (EU) could see stronger growth in dairy export sales when compared to the U.S. That's the prediction from Michael Griffin of the Food and Agriculture Organization (FAO) of the United Nations. In fact, Griffin predicted the U.S. may merely maintain international shipments at a similar level compared to last year. Of course, dairy exports are a major factor in U.S. milk prices these days. One day each week, milk from every U.S. cow is churned into dairy products that are sold to international customers.
Overall, milk markets should come into balance, projected Griffin in his report published in the Food Outlook, a biannual report by the FAO.
"World milk production is forecast to grow 2 percent in 2015, a rate similar to previous years," wrote Griffin. "Trade in dairy products is forecast to grow 2.7 percent. Asia is expected to remain the main center for rising international demand, although growth my be slower than in recent years."
When it comes to dairy exports, New Zealand and the EU rank first and second for dairy exports with the U.S. in a solid third place.
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