1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:November 21,2025 Report Number:CA2025-0038 Report Name:Dairy and Products Annual Country:Canada Post:O
2、ttawa Report Category:Dairy and Products Prepared By:Mihai Lupescu Approved By:Daniel Archibald Report Highlights:FAS/Canada projects modest milk production growth in 2026,driven by a slight increase in requirements for industrial milk,and steady consumption of fluid milk.Production of cheese and bu
3、tter is also forecast to increase modestly in 2026,in the face of adequate stocks,and solid demand.Growth in cheese imports is expected to taper off in 2026,as market access under all tariff rate quotas matured and reached the phase of marginal expansion.Skim milk powder exports are expected to rema
4、in within the limits set by the United States-Mexico-Canada Agreement,while the industry continues to focus on producing high-protein dairy ingredients.2 Executive Summary:In 2025,growth in Canadas population returned to the slower-paced long-term trend,and so did total fluid milk consumption,which
5、is forecast to grow by 0.4 percent in 2026,after an estimated 0.3 percent increase in 20251.With demand for industrial milk steady,FAS/Canada forecasts a modest 0.7 percent growth in overall milk production(fluid and industrial markets combined)in 2026,following an estimated 1 percent production inc
6、rease in 2025.As discussed in the skim milk powder section of this report,the solids non-fat to butterfat ratio in Canadian milk has been on decline for the past five years,meaning that proportionally less milk is needed to meet a certain level of butterfat requirements.As market access volumes unde