Dairy Market Review. Overview of global market developments in 2024
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The April 2025 issue of the dairy market review provides an overview of key developments in global milk production, dairy trade and prices during 2024. It shows that global milk production expanded in 2024, although at a slower pace than the previous year, sustained by significant output growth in Asia, Oceania and parts of Europe. World trade in dairy products expanded marginally, supported by higher exports from several producing countries and firm import demand for cheese and butter. International dairy prices surged, driven by strong global demand and constrained supplies, with butter prices reaching historic highs.
