Global dairy trade to contract in 2023

By Janine Alexis Miguel

Dec 23, 2023 12:22 am

Drop due to lower imports by the Philippines, China, Indonesia, and Bahrain, says FAO

GLOBAL trade in dairy products such as butter is expected to contract this year due to drop in purchases by major dairy importing countries including the Philippines, the United Nations' Food and Agriculture Organization (FAO) said.

In its latest dairy market review, the FAO forecast butter imports to hit 1.1 million metric tons (MT) in 2023, 2.0 percent lower from the recorded volume last year.

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Drop due to lower imports by the Philippines, China, Indonesia, and Bahrain, says FAO

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