Globally, approximately 970 million tons of milk were produced in 2022, with 55% of it processed for further dairy commodity production. The remaining 45% is considered part of the "informal market," either consumed by households or sold to traders. As milk consumption continues to increase, it is crucial for dairy farmers to understand what they need to remain profitable. Muzaffar Yunusov, the lead of key account management at the IFCN Dairy Research Network, joins the Ag Future podcast to discuss the six current trends that dairy producers should monitor. These trends encompass various aspects, ranging from the economics of dairy farming to the labeling challenges associated with alternatives to cow milk.
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