The International Farm Comparison Network IFCN forecasts a global milk deficit of 6 million tonnes by 2030. This expectation is based on the assumption that global milk production will increase by 21.5% or 126 million tonnes, while global demand will increase by 22% or 140 million tonnes due to a growing middle class in developing countries. These figures have just been announced at the 4th IFCN Dairy Forum, an online conference with over 600 participants from 80 countries.
For the countries concerned, this means that they will have to produce more milk and aim for a higher level of self-sufficiency overall.
In 2022, the global average milk price rose by 18.5% to an all-time high of 63.3 US cents. As product prices were also raised as a result, per capita milk consumption fell by 0.2% for the first time, mainly due to falling demand in industrialised countries.
