date:May 07, 2012
utive year, production is anticipated to surpass consumption, with a surplus expected of some 5.4 million tonnes helping to rebuild relatively low stock levels.
Dairy growth
Milk production is forecast to grow by 2.7% (to 750 million tonnes) with Asia expected to account for most of the increase. However the FAO said higher output is anticipated in most regions.
World trade in dairy products is expected to continue expanding in 2012. Demand remains firm, with imports anticipated to reach