1887

OECD-FAO Agricultural Outlook 2019-2028

image of OECD-FAO Agricultural Outlook 2019-2028

The Agricultural Outlook 2019-2028 is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It brings together the commodity, policy and country expertise of both organisations as well as input from collaborating member countries to provide an annual assessment of the prospects for the coming decade of national, regional and global agricultural commodity markets.

This year's Special Feature will focus on agricultural development in Latin America.

English French

From Chapter: Statistical Annex
.

Table A.5 - World dairy projections: Milk, butter and cheese

English French

OECD-FAO Agricultural Outlook 2019-2028 - © OECD 2019

‌C.5World dairy projections: Milk, butter and cheese
C.5World dairy projections: Milk, butter and cheese
  Calendar year
‌‌
‌‌
Average
2016-18est
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
‌2027‌
2028
MILK
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
826 106
 
848 978
 
859 795
 
874 273
 
888 433
 
902 445
 
922 292
 
937 673
 
951 779
 
965 154
 
981 218
 
Inventory
000 hd
681 852
 
697 501
 
700 570
 
708 580
 
716 540
 
724 700
 
738 873
 
748 031
 
756 078
 
763 306
 
773 185
 
Yield
t/head
1.21
 
1.22
 
1.23
 
1.23
 
1.24
 
1.25
 
1.25
 
1.25
 
1.26
 
1.26
 
1.27
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
395 573
 
399 974
 
402 688
 
405 585
 
408 524
 
410 991
 
413 559
 
416 287
 
418 849
 
421 449
 
424 049
 
Inventory
000 hd
80 873
 
80 941
 
80 911
 
80 988
 
81 055
 
81 089
 
81 126
 
81 187
 
81 244
 
81 292
 
81 336
 
Yield
t/head
4.89
 
4.94
 
4.98
 
5.01
 
5.04
 
5.07
 
5.10
 
5.13
 
5.16
 
5.18
 
5.21
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
430 534
 
449 005
 
457 107
 
468 688
 
479 909
 
491 454
 
508 733
 
521 386
 
532 929
 
543 705
 
557 169
 
Inventory
000 hd
600 979
 
616 559
 
619 659
 
627 592
 
635 484
 
643 611
 
657 747
 
666 844
 
674 833
 
682 014
 
691 849
 
Yield
t/head
0.72
 
0.73
 
0.74
 
0.75
 
0.76
 
0.76
 
0.77
 
0.78
 
0.79
 
0.80
 
0.81
 
OECD
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
354 050
 
359 736
 
362 268
 
364 810
 
367 418
 
369 623
 
371 939
 
374 392
 
376 694
 
379 045
 
381 394
 
Inventory
000 hd
72 949
 
74 405
 
74 642
 
74 702
 
74 780
 
74 927
 
75 112
 
75 311
 
75 510
 
75 710
 
75 910
 
Yield
t/head
4.85
 
4.83
 
4.85
 
4.88
 
4.91
 
4.93
 
4.95
 
4.97
 
4.99
 
5.01
 
5.02
 
FRESH DAIRY PRODUCTS
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Consumption
kt pw
412 909
 
428 638
 
433 576
 
442 380
 
450 518
 
458 906
 
473 047
 
482 519
 
491 689
 
499 081
 
509 144
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Consumption
kt pw
133 114
 
134 026
 
134 098
 
134 554
 
134 950
 
135 353
 
135 783
 
136 221
 
136 661
 
137 087
 
137 530
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Consumption
kt pw
279 795
 
294 612
 
299 479
 
307 826
 
315 568
 
323 553
 
337 264
 
346 298
 
355 027
 
361 994
 
371 614
 
OECD
 
 
 
 
 
 
 
 
 
 
 
 
Consumption
kt pw
99 975
 
100 706
 
100 586
 
100 639
 
100 769
 
100 968
 
101 198
 
101 456
 
101 719
 
101 984
 
102 282
 
BUTTER
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
10 906
 
11 006
 
11 219
 
11 438
 
11 664
 
11 882
 
12 101
 
12 330
 
12 562
 
12 800
 
13 035
 
Consumption
kt pw
10 847
 
10 999
 
11 214
 
11 436
 
11 662
 
11 880
 
12 099
 
12 329
 
12 562
 
12 800
 
13 035
 
Stock changes
kt pw
-23
 
6
 
5
 
3
 
2
 
2
 
2
 
1
 
1
 
0
 
0
 
Price 1
USD/t
4 504
 
4 066
 
4 113
 
4 199
 
4 271
 
4 334
 
4 400
 
4 484
 
4 554
 
4 637
 
4 704
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 522
 
4 560
 
4 599
 
4 648
 
4 694
 
4 731
 
4 766
 
4 805
 
4 845
 
4 885
 
4 921
 
Consumption
kt pw
3 930
 
3 980
 
4 006
 
4 043
 
4 079
 
4 105
 
4 129
 
4 157
 
4 180
 
4 204
 
4 223
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
6 384
 
6 446
 
6 620
 
6 790
 
6 970
 
7 151
 
7 335
 
7 524
 
7 717
 
7 915
 
8 115
 
Consumption
kt pw
6 917
 
7 019
 
7 207
 
7 393
 
7 582
 
7 774
 
7 970
 
8 172
 
8 382
 
8 596
 
8 812
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 349
 
4 405
 
4 447
 
4 497
 
4 543
 
4 582
 
4 620
 
4 660
 
4 701
 
4 742
 
4 778
 
Consumption
kt pw
3 780
 
3 830
 
3 863
 
3 906
 
3 946
 
3 977
 
4 007
 
4 040
 
4 068
 
4 099
 
4 125
 
Stock changes
kt pw
-19
 
3
 
2
 
-1
 
-1
 
-1
 
-1
 
-1
 
-1
 
-1
 
-1
 
CHEESE
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
23 343
 
23 986
 
24 240
 
24 541
 
24 867
 
25 149
 
25 466
 
25 780
 
26 092
 
26 409
 
26 743
 
Consumption
kt pw
23 287
 
23 990
 
24 214
 
24 543
 
24 865
 
25 147
 
25 465
 
25 779
 
26 090
 
26 408
 
26 742
 
Stock changes
kt pw
-14
 
-4
 
26
 
-2
 
1
 
2
 
1
 
1
 
1
 
1
 
1
 
Price 3
USD/t
3 530
 
3 516
 
3 549
 
3 615
 
3 676
 
3 735
 
3 796
 
3 866
 
3 931
 
4 003
 
4 071
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
18 746
 
19 358
 
19 568
 
19 785
 
20 030
 
20 233
 
20 472
 
20 712
 
20 947
 
21 188
 
21 443
 
Consumption
kt pw
17 790
 
18 379
 
18 502
 
18 721
 
18 934
 
19 103
 
19 308
 
19 510
 
19 710
 
19 920
 
20 145
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
4 597
 
4 628
 
4 672
 
4 756
 
4 836
 
4 916
 
4 994
 
5 068
 
5 145
 
5 222
 
5 300
 
Consumption
kt pw
5 498
 
5 611
 
5 712
 
5 822
 
5 932
 
6 044
 
6 157
 
6 269
 
6 380
 
6 488
 
6 597
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
kt pw
18 203
 
18 839
 
19 036
 
19 247
 
19 479
 
19 668
 
19 895
 
20 119
 
20 342
 
20 572
 
20 813
 
Consumption
kt pw
17 398
 
17 960
 
18 062
 
18 261
 
18 468
 
18 630
 
18 827
 
19 024
 
19 218
 
19 418
 
19 633
 
Stock changes
kt pw
-14
 
-4
 
26
 
-2
 
1
 
2
 
1
 
1
 
1
 
1
 
1
 
Note: Calendar year; except year ending 30 June for Australia and 31 May for New Zealand in aggregates. Average 2016-18est: Data for 2018 are estimated. Prices are in nominal terms.
Disclaimer: http://oe.cd/disclaimer
1.
FOB export price, butter, 82% butterfat, Oceania.
2.
Excludes Iceland but includes all EU member countries
3.
FOB export price, cheddar cheese, 39% moisture, Oceania.
Source: OECD/FAO (2019), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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