According to the latest Dairy Quarterly Q4 2018 report from Rabobank, milk supply growth in the US, EU, New Zealand, Australia, Brazil, Argentina and Uruguay (the big seven exporters) continued to slow down at the end of 2018. There are different reasons for the slow-down depending on the regions in question. The US showed the lowest year-on-year growth since 2013. However, some countries did show growth. Brazil for example showed some growth, as a result of more moderate feed costs and profitable milk prices. The report also summarises per region in the world what the effects of 2018 have been and what can be expected for 2019. Click here to read more on milk production per region. – Dairy Global