# IDF World Dairy Situation 2018 report launched - Dairy Industries International

> The IDF World Dairy Situation 2018 report was launched at the World Dairy Summit in Daejeon, Korea. It covers over 50 countries and finds milkfat-driven price recovery in 2017, strong production growth in several countries, and rising Chinese import demand.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/62539-idf-world-dairy-situation-2018-report-launched-dairy-industries-international
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Confirmed Asian import demand and Oceania cheese growth point to firm global dairy trade, a background factor for milk prices rather than an immediate shock.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-12-01 | [IFCN says low milk production in 2016 caused 2017 price peak - Dairy Industries International](https://feedsoft.ai/events/67495-ifcn-says-low-milk-production-in-2016-caused-2017-price-peak-dairy-industries.md) | +0.9% | +0.2% |
| MILK | 2019-04-02 | [Rabobank predicts challenging times in dairy - Dairy Industries International](https://feedsoft.ai/events/8726-rabobank-predicts-challenging-times-in-dairy-dairy-industries-international.md) | +5.3% | +6.0% |
| MILK | 2017-06-26 | [Optimism growing faster than supply, says Rabobank - Dairy Industries International](https://feedsoft.ai/events/70506-optimism-growing-faster-than-supply-says-rabobank-dairy-industries-international.md) | -3.9% | -5.2% |
| MILK | 2023-05-25 | [EU27 cheese gains at expense of butter, says USDA FAS - Dairy Industries International](https://feedsoft.ai/events/35963-eu27-cheese-gains-at-expense-of-butter-says-usda-fas-dairy-industries.md) | -3.5% | -7.8% |
| MILK | 2021-06-10 | [Rabobank Dairy Quarterly reveals resuming of pre-pandemic levels of demand - Dairy Industries International](https://feedsoft.ai/events/46576-rabobank-dairy-quarterly-reveals-resuming-of-pre-pandemic-levels-of-demand.md) | +1.1% | +0.1% |

## Sources

- dairyindustries.com: https://www.dairyindustries.com/news/31088/idf-world-dairy-situation-2018-report-launched/

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