# 2021: Global dairy outlook remains optimistic - Dairy Global

> Rabobank's Global Dairy Quarterly expects global milk production growth to slow in 2021 to about 2.7 billion litres of milk equivalent from 4.5 billion in 2020. The EU and South America are forecast to see the largest slowdowns, while commodity prices remain at elevated levels after a recent rally.

- Date: 2020-12-21 · published 2020-12-21T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/49650-2021-global-dairy-outlook-remains-optimistic-dairy-global
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Slowing milk supply growth outside the seasonal peak supports firmer global dairy prices, which tightens the supply of dairy ingredients for feed buyers.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-03-19 | [Dairy Outlook: March 2024 - Dairy Producer](https://feedsoft.ai/events/31200-dairy-outlook-march-2024-dairy-producer.md) | -0.1% | -5.9% |
| MILK | 2025-01-22 | [Dairy Outlook: January 2025 - Dairy Producer](https://feedsoft.ai/events/26519-dairy-outlook-january-2025-dairy-producer.md) | +0.2% | +0.2% |
| MILK | 2024-09-24 | [Dairy Outlook: September 2024 - Dairy Producer](https://feedsoft.ai/events/28315-dairy-outlook-september-2024-dairy-producer.md) | -0.2% | -2.6% |
| MILK | 2018-01-04 | [January dairy economic update: Cold market outlook remains -  \| Ag Proud](https://feedsoft.ai/events/5201-january-dairy-economic-update-cold-market-outlook-remains-ag-proud.md) | -10.8% | -12.3% |
| MILK | 2024-07-22 | [Market Outlook- Report Summary July 2024 - Dairy Producer](https://feedsoft.ai/events/29258-market-outlook-report-summary-july-2024-dairy-producer.md) | -0.1% | +3.6% |

## Sources

- dairyglobal.net: https://www.dairyglobal.net/industry-and-markets/market-trends/2021-global-dairy-outlook-remains-optimistic/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.