Annual survey presented at IDF World Dairy Summit, Cape Town (South Africa), in November 2012. Production, consumption, trade and price figures from dairy sector and other sources. Largest dairy companies by turnover and/or milk intake. Comments and prognoses on the situation in different countries and analysis of the whole, covering all major producing and consuming countries. Review of various forecasts of dairy trade.
Keywords: dairy economics, milk production, consumption trends, dairy situation, dairy markets, world trade, dairy prices, dairy trade projections