The International Dairy Federation presents its annual World Dairy Situation report- an in-depth analysis of the global dairy sector. The editing team aim to include the most accurate data and as many countries as possible.Country Reports are primarily based on questionnaires completed by IDF National Committees and other national contributors, as well as on official data from various recognised sources. The report not only provides a thorough and detailed overview of thecurrent dairy situation, but it also allows individual states to present information on their own dairy sectors.2015 was marked by an imbalance in dairy supply and demand. Total milk production was estimated at 818 million tonnes, a whole 2.0 more than 2014. Abundant milk deliveries led to increased dairy product output in all categories excepting whole milk powder. Global dairy trade followed suit, growing significantly: the equivalent of nearly 9 of global milk output is currently traded internationally. However, demand from importing countries could not absorb the additional outputon the market, which resulted in a sustained drop in dairy prices throughout the year. Average 2015 farmgate milk prices plunged dramatically from their 2014 highs. Mergers and acquisitions continue to intensify and are becoming increasingly global. International projections show a population of nearly 10 billion in 2050, which means increased demand for food in the coming decades. In 2015, global per capita dairy consumption was estimated at 111.3 kg. According to the OECD and FAO, this number should increase 12.5 by 2025. Consumption in developing countries should increase further still. These trends are confirmed by national experts who completed the "Global Marketing Trends" survey on predicted household dairy consumption in the coming decade.The report aims to give an overview of the latest dairy data from around the world- starting with production, processing and industry; to consumption, trade, and price forecasts. In-depth analyses of current trends, recent developments and expected changes are also provided.
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