Glanbia chief predicts milk and dairy export growth from Asia and Africa

MILK and dairy export growth will come from emerging economies in Asia and Africa rather than from saturated dairy markets like Europe or India, according to Glanbia chief executive John Moloney.

“Real growth will come from countries and regions other than Europe,” John Moloney told attendees at the IFA-hosted Dairy 2020 conference in City West Hotel, Dublin. “By the end of this year, we will know what we will be doing, whether that is with others or on our own.

“We have a cheese operation in Nigeria. We will do 30,000 tons into that market from a standing start. We are there because we see it as a long-term growth market. There are 140 million people living in Africa, with a 3.5% to 4% annual growth in dairy consumption.