The Rabobank Global Dairy Top 20 2019, is the latest survey of the world’s largest dairy companies in 2018. In 2018, lower commodity prices, adverse weather conditions in key export regions, a strong US dollar, and currency shifts have affected the combined turnover of the Global Dairy Top 20 companies. In US dollar terms, there was an increase of 2.5% on the year, compared to 7.2% in the previous year. However, combined 2018 turnover in euro terms dropped by 2.0% versus an upward trend of 5.1% in 2017. For the total ranking, see the attached Excel-document.