Results of annual survey presented by the Chair of the Standing Committee «Dairy Policies and Economics» at the IDF World Dairy Summit, Vancouver, September 2005. The 2005 edition of the World Dairy Situation report includes the customary collation of figures and comments from IDF National Committees and other sources. Data are also available from countries which are not IDF members. Contributions from the ZMP which, on behalf of IDF, has continued its networking with other institutions working on the economy of the world dairy sector, have significantly added to the publication. Milk production, industrial milk processing, trade in dairy products, development of demand and consumption and prices for 2004 are presented, along with some dairy product information and forecasts for 2005. Country reports provided by experts from member states, describing developments and sometimes subjective prognosis, are presented. The WDS Forum section comprises three papers: OECD review of the potential effects of liberalization of world dairy trade; Comparison of the world dairy trade projections produced by various authoritative bodies; effects of accession to the EU of the dairy sector of the new member states.
Keywords: consumption trends, dairy situation, dairy markets, world trade, liberalization of dairy trade, dairy trade projections, EU enlargement