Milk Output Expansion Poised to Spur 5-Year World Surplus
date:Jul 14, 2014
vice. The FAS said milk output will be about 3 per cent less than the USDA forecast because of stricter rules on local production and reduced herds.

Most people expect their demand to remain strong, said Kyle Schrad, risk management consultant at INTL FCStone in Chicago.

China relies on imports because domestic dairies havent kept pace with demand, and after food-safety scandals that included melamine-tainted baby formula that led to deaths of at least six babies and sickened thousands in 2008
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