In 2024, Canada and New Zealand have emerged as leading countries with the highest butter and ghee stocks, holding 16.0 and 14.0 thousand metric tons respectively. The Netherlands shows a decrease to 13.0 thousand metric tons, with a significant decline from the previous year. The United States and Ireland maintain stable stocks, while France experiences a substantial drop to -14.0 thousand metric tons. Ukraine and Argentina maintain stable low stocks, while Japan and Uruguay show negative stocks, underscoring potential supply issues. Russia continues to struggle with negative stock levels, underscoring ongoing challenges.
Future trends to watch for include:
- The potential recovery of European markets and how France might overcome its current stock shortages.
- New trade policies that could affect production and supply chains, especially involving major producers like Canada and New Zealand.
- Climate change impacts on dairy production in vulnerable regions.
- Technological advances in dairy farming that could lead to variations in butter and ghee yields.
Top countries in Butter and Ghee Stock Variation by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 16 | 2023 | +6.67% | View data | |
| 2 | 2 New Zealand | 14 | 2023 | +7.69% | View data | |
| 3 | 3 Netherlands | 13 | 2023 | 0% | -8.25% | View data |
| 4 | 4 United States | 6 | 2023 | 0% | View data | |
| 5 | 5 Ireland | 3 | 2023 | 0% | -9.71% | View data |
| 6 | 6 Argentina | 1 | 2023 | 0% | View data | |
| 7 | 7 Ukraine | 1 | 2023 | -100% | View data | |
| 8 | 8 Japan | -2 | 2023 | 0% | View data | |
| 9 | 9 Uruguay | -3 | 2023 | +50% | View data | |
| 10 | 10 Russia | -6 | 2023 | +20% | View data |
