Dairies must balance exports with growing domestic sales
The Dairy Index, an annual report by the global packaging and processing equipment supplier Tetra Pak, states that global demand for milk is set to surge by 36% in the next decade, largely due to population growth, rising prosperity and urbanization in Africa, Asia and Latin America.
But, according to the report released in October, milk supply and demand is imbalanced across the world. The rising demand in emerging dairy markets is unlikely to be fulfilled by locally produced raw milk, while developed dairy markets producing a milk surplus, such as the United States, face the challenges of competing for exports and responding to falling domestic consumption.