EU skim milk powder production to decline in 2024
Exports expected to decline as well
16 January 2024
1 minute read
By: Skim milk powder production in the European Union is forecast at just under 1.5 million tons for 2024, a reduction of 3% from 2023, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.
USDA analysts attribute the decline to lower milk production and weaker import demand from Asia, which have encouraged processors to shift processing milk into cheese production.
Exports are also expected to decline 1% to 810,000 tons. China and Algeria are once again expected to be the EU’s largest export markets for SMP. However, growth will be muted in 2024 by higher milk powder production in China and import controls in Algeria.
