Investments in the dairy sector are widely influenced by sustainability and corporate social responsibility while it is facing growing competition from dairy substitutes, according to Mr Benoit Rouyer of CNIEL, France.
He will share his analysis of the consolidation and restructuring of the dairy sector at a conference on Dairy Policies and Economics during the IDF World Dairy Summit 2018 in Daejeon, South Korea, on 16 October.
“Recent investments are widely spread across all parts of the world, not only in the most competitive areas, showing that no dairy basin is currently neglected,” said Mr Rouyer.
“Capital flows appear multidirectional. Improved living standards in emerging countries have fostered the internationalization of Western dairy groups and the appearance of local dairy leaders in emerging economies.”
Looking at opportunities in emerging markets is Mr Niranjan Karade of the National Dairy Development Board of India, who will outline the role of technology in enhancing sustainable livelihoods and incomes of smallholder dairy farmers.
“Technology has been used to build robust systems to ensure speedy chilling of raw milk and to conduct analysis in an efficient manner,” said Mr Karade. “Technology also empowers farmers to make judicious use of critical resources such as water and energy, in addition to the generation of additional income for them.”
Mr Peter Ngaruiya of the Eastern and Southern Africa Dairy Association (ESADA) will present the outlook for Sub-Saharan Africa and the market dynamics and opportunities in the dairy value chain.
“The demographic shift in Africa, urbanization, enhanced purchasing power and population growth are creating exciting opportunities for investment,” stated Mr Ngaruiya. “Improving the policy environment and developing the emerging trading bloc have made Africa more attractive for foreign direct investment in the dairy industry.”
Other speakers who will share their perspectives are Mr Ariel Londinsky, Secretary-General of FEPALE; Dr John Newton, Chief Economist of the American Farm Bureau Federation; Ms Mingyu Yang, Head of Corporate Strategy Planning of Yili Dairy, China; Mr Mike Peterson, New Zealand’s Special Agricultural Trade Envoy; and Mr James Mulhern, President and CEO of the U.S. National Milk Producers Federation.
IDF Director General Caroline Emond said the conference will offer an informative overview of policies and economics impacting on the dairy sector in various regions of the world.
“Dairy policies are instrumental in the success of the sector by promoting an enabling environment for its growth, which could include access to finance, land and R&D to spur innovation, with government support in trade facilitation,” said Ms Emond.
“Multilateral, regional and bilateral trade agreements are prime movers for commerce as they open up markets, spurring competitiveness and technological advancements to attain and retain market share,” she added. “We can learn from the experiences of different countries on how they have seized opportunities for growth or overcome challenges to become market leaders in dairy production locally and globally.”
Please click on the link below to download the programme for the IDF World Dairy Summit 2018.