The International Dairy Federation[1] News release

THE IDF WORLD DAIRY SITUATION 2006[2], A TOOL FOR STRATEGY FORMULATION

For further information, please contact :

Marylene Tucci, IDF Communications and Public Affairs Tel: +32 2 706 86 44, Fax : +32 2 733 04 13 E-mail : org

Brussels, 24 October 2006 – The International World Dairy Federation announces the release of its annual report on the World Dairy Situation. This major publication including statistics on production, consumption and trade assists researchers, policymakers, and economists in providing a tool for strategy formulation.

The new authoritative World Dairy Situation survey is based on independent dairy sources. This new IDF publication presents a thorough and broad overview on trends in production, milk processing, consumption, trade and prices in major parts of the world. Detailed statistics by world, region and individual countries are also included. Data are compiled using the expertise of IDF members and other sources.

Comments from dairy specialists in many countries inside and outside IDF reveal the perceptions and preoccupations of the world dairy business and lift the curtain on the growing trend towards bilateral agreements affecting international trade in dairy products which has certainly been given a boost by the Doha failure. The 2006 edition includes special articles on the International Farm Comparison Network (IFCN), on worldwide market prospects, on the collapse of the WTO Doha Round negotiations, on the EU Commission's projections for dairy markets from 2006 to 2013, and on EU enlargement: the dairy sector in Bulgaria and Romania.

“Failure at Doha will not stop liberalisation of world trade. The process is irreversible”, says Adriaan Krijger, Chair of IDF’s Dairy policies and economics Standing Committee. “At most progress to liberalisation will be slowed.” As obtaining multilateral agreement under WTO auspices appears to be “difficult” interested countries are turning to bilateral agreements to make further progress in trade liberalisation.

Considered an essential resource by the dairy community, this new IDF publication is available in electronic form. More information at www.fil-idf.org

[1] The International Dairy Federation was founded in 1903. It is a source of scientific and technical expertise. It is both a forum for discussion and exchange and a dairy information centre, created by and for the dairy sector.

To find out more please visit www.fil-idf.org

[2] The World Dairy Situation report 2006 (88 pages in English only - in electronic form) Bulletin of the IDF N°409/2006, Available from IDF price: 75 Euros