Browse Data and Analysis

Venezuelan milk production reached 1.5 billion litres in 2021, just a 2 percent increase from 2020. The formal dairy industry processed 12 percent of this output, only working at 20 percent of their capacity, due to the collapse of the market and Venezuelan consumers favoring artisanal cheeses.

Milk production in Australia in 2022 is forecast to decrease by over four percent to 8.6 million metric tons (MMT). Despite generally good production conditions for 2022, the slump in milk production is largely due farmers continuing to exit the dairy industry through farm sales and some dairy farms partially or fully transitioning to less labor-intensive beef cattle production.