EU skim milk production expected to decline in 2024
Dairy processors focused more on cheese production
2 September 2024
1 minute read
By: In 2024, skim milk powder(SMP) production in the European Union is expected to decline slightly, according to a recent USDA Dairy World Markets and Trade report.
Dairy processors are focusing more on cheese production than SMP and butter due to higher returns. This shift is driven by lower farm-gate milk prices and elevated production costs, which make SMP production less profitable.
SMP exports from the EU are also expected to decrease due to reduced production and raised global competition. Key markets for EU SMP, such as the Middle East, North Africa, and Southeast Asia, are experiencing boosted local production and shifting imports to other major exporters like New Zealand and Australia.
