date:Nov 08, 2012
very good year for the international dairy industry, with strong dairy markets and good weather conditions. While higher farm level prices stimulated a 2.5 percent (18.5 million metric tons) increase in milk production above 2010 levels, this was readily absorbed by the market. Cow milk production, representing 83 percent of total milk (the rest coming from buffalo, goats and sheep) increased in nearly every country monitored in the report, with notably large increases in the southern hemispher