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Improved production efficiency and a larger cattle inventory are expected to increase China’s raw milk production by four percent, to over 42 million metric tons (MMT), in 2023.
Milk production in Australia in 2023 is forecast to decrease by three percent to 8.2 million metric tons (MMT). This is despite generally very good production conditions for 2023, particularly with record milk prices and easing grain and fertilizer prices.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.