Reduced sales in the food service sector affect the dairy industry – Veronique Aguera

‘As for raw milk, the four main supplier regions are Europe, the United States, New Zealand and Argentina,’ she said. – Last year, all the signals were positive, and we expected good indicators in 2020. Milk collection is growing year-on-year, and it is interesting that even with the situation that is observed in the market this year, such indicators of growth in milk collection, as 3.2 million tons are possible. In Europe, the additional volume of milk collection is expected to be 1.4 million tons, which is 0.9% more than last year.

In the US, the figure is 1.5 million tons, or 1.6%, and this growth will continue.

‘We can say that there is little connection between the milk collection on the one hand and its use and consumption on the other,’ concluded Veronique Aguera. – Even if the markets have trouble, as, for example, in the United States during the quarantine, when a certain amount of milk was thrown out. It happened for a while, but it happened. In addition, in 2021, if we can make forecasts, we believe that growth will remain approximately at the same level or will amount to 3.2 million tons.

The bottom line is that even with changes in demand, supplies continue to grow, the expert noted.

‘If you look at milk collection in the long term, you can see the contribution of countries to the growth of milk collection,’ added Veronique Aguera. – For example, China. In 2010-2015, China's share in milk collection was 3%. In the period from 2020 to 2025, this figure will be 24%. If you look at the combined figures of the US and the EU, you can see that they have made a significant contribution in the past, but their impact is decreasing. The share of New Zealand is also declining significantly.

Read more at © DairyNews.ru   https://www.dairynews.ru/news/snizhenie-prodazh-v-sektore-obshchestvennogo-pitan.html