Assessing global dairy production & demand with IFCN
Back from his travels, Chris brings us his milk market report and along with Will, Ben and Becki are joined from Germany by Philipp Goetz, Lead in Product Development at IFCN for some insight on their latest figures on global dairy production and demand; telling the stories behind the data. With production growth slowing, Philipp outlines the trends and sentiment across the world and Chris brings us up to speed on dairy trading after the summer break. Philipp also discusses the short and longer-term factors influencing production including changing herd sizes and demographic of dairy farmers across the world. Philipp and Chris discuss cost of production, how margins are looking at the moment and predicted changes over time, also taking a look at dairy consumption data.