IFCN, a global network for dairy economic research and consultancy, has released the IFCN Dairy Report 2019 on October 15 in India. This report covers 120 country profiles, which represent 98% of the total global milk production, and provides comparable, standardised data on development, trends and drivers of the last 20 years.
The comprehensive IFCN Dairy Report 2019 serves as tool to standardise dairy data worldwide and includes information on: Farm comparison and farm economics, sustainability of farms, monitoring of global dairy economic indicators, status, trends and drivers of milk production, maps and 120 Country Pages.
The 20th anniversary edition of the IFCN Dairy Report presents data and analysis from 176 typical farm types in 54 countries. It explains the development, trends and drivers of the last 20 years and gives a glimpse into milk production developments by region.
Globally, there are 116 million farms with an average of 3.2 cows, but IFCN identifies a deep structural change that is often underestimated in terms of its speed. Since dairy farm structure dynamics drive milk supply, the Dairy Report allows actors in the dairy value chain to anticipate future developments.
India and Pakistan together with Western Europe accounted for 47% of milk production in 2018. Dynamics differed widely by region and IFCN observed that strong regions grew and weak regions declined by 3-5% every year between 2013-2018.
In 2019, researchers from over 100 countries and more than 140 agribusiness companies are members of the global IFCN network. IFCN serves its members with annual conferences, data, tools and market intelligence and helps them to make better decisions.
IFCN Dairy Research Network provides globally comparable dairy economic data and forecasts through IFCN Models and a Research partners network in over 100 countries. Core competences lie in the field of milk production, milk prices and related economic topics. By providing the dairy data, knowledge and inspiration IFCN aims to create a better understanding of the dairy world.