European milk market continues to deteriorateStaff writer ▼ | June 28, 2016
The situation on the European milk market continues to deteriorate and the decisions and measures adopted by the Commission in March have proven to be ineffective.
Milk market Roberto Cavaliere of European Milk Board:
"The situation in Italy mirrors the rest of Europe: An increase in milk volume (around 2%) and in production of cheese without protected designation of origin (which has however gone into storage on a large scale due to shrinking demand) has led to a collapse of prices.
"The farms that continue to survive are the ones that concluded production contracts in December 2015 and January 2016 at 31-33 cents. The spot price for milk is currently in a free fall and individual prices below the 20-cent mark have been recorded.
"We are seeing a clear downward trend and things will only get harder as of June when the contracts signed in December and January will expire.
"Good news from Luxembourg: The 3rd European Fair Milk Conference will take place this year on June 30 and July 1 in Ettelbruck.
"After the success of the Conference last year during the EXPO in Italy, this year will look at the results achieved so far and determine the future direction of the event." ■