Global Dairy Outlook 2010
RESULTSOFTHE
Rl WORLD SURVEY
Australia New Zealand
Global
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Tim Hunt (I) and Mark Voorbergen (r)
Rabobank sponsored the International
Dairy Federation World Dairy Summit in
New Zealand in early November, which
saw the publication of the 2010 FAR
Global Dairy Outlook. The report, which
was presented to more than 2,000 clients
and prospects throughout Australia and
New Zealand, explained that there has
been a major structural shift in the world
dairy industry.
One of the report's co-authors, FAR's Global
Dairy Team Leader, Tim Hunt, said the
arrival of China and India as major buyers on
the international market is set to make a
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big impact on the sector
by2012-2014. "While local
production in these
countries has more or less
matched demand in the
past, pressures from rising
feed costs, the challenge of
building safe supply chains
and the sheer volume of
growth required are now making self
sufficiency a 'Herculean' task," said Hunt.
While uncertainty remains high, it is anti-
cipated that the global dairy market will
again remain tight in 2011, given higher
feed costs, farmer requirements to reduce
To download or order the report,
please visit: http://far.rabonet.com/
docsearch/mp/farsearch.asp
debt levels and the likelihood of limited
southern hemisphere growth.
ISSUE 26 JANUARY 20 Rl WORLD
