There was a unanimous vote among Member States in favour of Commissioner for Agriculture, Phil Hogan's, proposal to extend private storage aid schemes for butter and SMP at ManCom yesterday. While originally meant to run until the end of February, the scheme will now be extended to 30 September 2016.
Commissioner for Agriculture, Phil Hogan, said he was ready to take “all necessary steps to safeguard the livelihoods of our dairy farmers & indeed the sustainability of our agrifood sector as a whole. Supply continues to outpace demand & downward price pressure is not likely to recede in the coming months”.
In 2015 EU dairy exports remained steady while global demand fell by 2%. The US and Australia increased exports in 2015 while New Zealand’s dairy farmers responded to the low milk prices by culling their dairy herd and reducing supplies, resulting in 1.3% drop in milk supply in New Zealand.
The average EU milk price fell from 33.1c/kg in December 2014 to 30.8c/kg in November 2015.
It is “now abundantly clear that the dairy market will remain difficult for producers for the 1st half of 2016 as global supply is ahead of demand, which has fallen by 2%,” said MEP Mairead McGuinness. “The harsh reality is resulting in an average reduction of 7% in EU milk prices, with more severe declines in some Member States, where producers are not organised into cooperatives or producer organisations”.
Untenable market conditions
At the Milk Market Observatory (MMO) meeting last week, experts said that the current dairy market situation is untenable, citing continued growth in volumes, rising stocks in intervention, falling prices & the slow-down in.
EU milk deliveries rose by 2.2% in the first 11 months of 2015, compared to 2014. Ire-land’s 2015 supply was over 13% or 750 million litres higher year-on-year following the abolition of quotas and a 6% rise in the national herd.
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Dairy trends: Spot milk prices lift but overall sentiment remains poor
There was a unanimous vote among Member States in favour of Commissioner for Agriculture, Phil Hogan's, proposal to extend private storage aid schemes for butter and SMP at ManCom yesterday. While originally meant to run until the end of February, the scheme will now be extended to 30 September 2016.
Commissioner for Agriculture, Phil Hogan, said he was ready to take “all necessary steps to safeguard the livelihoods of our dairy farmers & indeed the sustainability of our agrifood sector as a whole. Supply continues to outpace demand & downward price pressure is not likely to recede in the coming months”.
In 2015 EU dairy exports remained steady while global demand fell by 2%. The US and Australia increased exports in 2015 while New Zealand’s dairy farmers responded to the low milk prices by culling their dairy herd and reducing supplies, resulting in 1.3% drop in milk supply in New Zealand.
The average EU milk price fell from 33.1c/kg in December 2014 to 30.8c/kg in November 2015.
It is “now abundantly clear that the dairy market will remain difficult for producers for the 1st half of 2016 as global supply is ahead of demand, which has fallen by 2%,” said MEP Mairead McGuinness. “The harsh reality is resulting in an average reduction of 7% in EU milk prices, with more severe declines in some Member States, where producers are not organised into cooperatives or producer organisations”.
Untenable market conditions
At the Milk Market Observatory (MMO) meeting last week, experts said that the current dairy market situation is untenable, citing continued growth in volumes, rising stocks in intervention, falling prices & the slow-down in.
EU milk deliveries rose by 2.2% in the first 11 months of 2015, compared to 2014. Ire-land’s 2015 supply was over 13% or 750 million litres higher year-on-year following the abolition of quotas and a 6% rise in the national herd.
Read more
Dairy trends: Spot milk prices lift but overall sentiment remains poor
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