mpo-latest-news-featured image

Downwards international dairy product price cycle at an end

According to Dr Koos Coetzee, MPO economist who attended the 18th annual congress of the International Farm Comparison Network (IFCN) in Kiel, the consensus opinion of delegates was that the crisis is over. 

The large volatility of dairy product prices experienced since 2014 has come to an end. This was the consensus of the delegates attending the 18th conference of the International Farm Comparison Network (IFCN)  in Kiel, Germany from 12 to 14 June 2017.

Lukasz Wyrzykovski, IFCN analyst, presented the IFCN’s short-term dairy outlook. Milk production growth for 2017 is estimated at 16 million tonnes of energy-corrected milk (ECM), up from 9 million tonnes ECM in 2016. Dairy demand is expected to grow by 14 million tonnes in 2017, increasing to 20 million tonnes in 2018. Global dairy stocks, estimated at 9 million tonnes ECM in 2016, is expected to decrease slightly to 2017 and remain stable in 2018.

The conference was attended by dairy scientists from 45 countries.  Dr Coetzee was honoured at the conference for his contribution to the IFCN Network.  His attendance is funded through the Industry Information project of Milk SA. To read more, click HERE.

Published on Mon, 26th Jun 2017 - 09:40

Recent Posts


  MPO AANWYSER 7/20 MEI 2020 “Gelukkig is die land waar die ekonome of markontleders hulle nie uitgee vir motiveringsprekers nie.” – Onbekend Die primêre landbou
Read More


  MPO Pointer 7/20 MAY 2020  “Happy is the land where economists or market analysts don’t masquerade as motivational speakers.” – unknown Primary agriculture remains an
Read More

The Dairy Mail progressive web application is now live!

  Media Statement: for immediate release MPO MEDIA DAY 20 MAY 2020 Everyone will agree that digital marketing has taken the world by storm. The Dairy
Read More

MPO Training Institute gears up for the digital world

  Media Statement: for immediate release MPO MEDIA DAY 20 MAY 2020 Helene Pheiffer, manager of the MPO Training Institute, discussed the online courses launched during
Read More