EU skim milk powder production, exports to decline in 2024
Production expected to fall 3%
5 January 2024
1 minute read
By: Skim milk powder production in the European Union is forecast at just under 1.5 million tons, a reduction of 3% from 2023, as lower milk production and weaker import demand from Asia encourages processors to shift processing milk into cheese production, according to a recent US Department of Agriculture (USDA) Global Foreign Agricultural Service (FAS) dairy market report.
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.
