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18.08.2010
Dairy products will be produced by 170 million tons more
Dairy products will be produced by 170 million tons more

In the next 10 years the global dairy sector will grow faster than other food industries. This was reported by experts of the Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization (FAO) in the study "OECD-FAO Agricultural Outlook 2010.

Increase in production 

In 2019 dairy products will produce up to 170 million tons more than the level of 2007-09 period. Such indicators will sootvetsvovat annual growth at 2.1%. Interestingly, the majority (80%) increase will be in Argentina, Brazil, India, China, Pakistan and other countries of OECD. 

Analysts noted that the north and south of the planets will produce less milk products, they begin to "catch up" Latin America, Oceania and Asia. 
 It is worth noting that the world's biggest producer of milk, according to experts, will remain the EU countries, followed by India and the U.S. Export dairy products are becoming increasingly Argentina and Brazil. The main customers remain Egypt and Russia, especially with respect to imports of cheese, Mexico, Russia, Japan and the USA.

Price increase 

FAO Analysts suggest that prices for dairy products will grow in all respects. Prior to 2019 growth in real prices will be 15-40%, comparing with the 2007-08 years (remember, while prices have skyrocketed). 

The high cost of vegetable oils and increasing the cost of electricity in the production of dairy products will cause price increases, primarily on the butter. However, experts say higher prices will be gradual, and by 2012 will amount to only 2-3%. 

Based on all of the above, the main factors increasing the price of dairy products will improve the world economy, rising production costs and increasing world population.
 

On materials www.biz.liga.net

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