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Global Supply

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Global Supply

As per the report, “Global Milk and Dairy Products Market: 2014 Edition”¬†despite increasing supplies,the dairy industry will remain tight but dynamic in near future. Recent industry developments and explosive demand trend arising largely from emerging countries led by China have placed the market comfortably on a higher growth path. Smaller domestic production capacities, volatile global feed prices, the increasing use of high quality feed in traditional pasture-based regions, rising cost of primary inputs (land and labor) and sharp volatility in overall prices have fueled production costs in these countries which in turn has restricted production. This void has largely been filled up by imports rather than boosting domestic capacities