WORLD MARKET OF MILK: CURRENT STATE AND DEVELOPMENT TRENDS
The article presents the results of the analysis of the current state and development trends of the global milk market. The global production of all types of milk in 2017 amounted to 828 million tons. The largest share in world production is cow milk (81.59%) and buffalo milk (14.54%). The main volume of cow's milk (74.91%) is produced in the already established “top ten” countries, while the traditional leadership is maintained by the EU countries. The largest share in exports (in terms of value) accounted for whole milk powder, in second place - skim milk powder, in third place - fresh whole cow milk. The main trends in the development of the world milk market are the following: an increase in the production of all types of milk, with the exception of camel milk; a slight structural shift in milk production from cow to buffalo; an increase in world exports of all types of milk, with the exception of skimmed cow milk.