PORTUGUESE MILK PRODUCTION STRUGGLES DESPITE RISING PRICES
March 11th, 2023
Portugal’s milk production sector has been shrinking, with long-standing vulnerabilities worsened by Russia’s invasion of Ukraine, which has increased feed and energy costs. Even though contraction has been halted in the past six months by rising milk prices, the industry remains fragile and vulnerable to economic headwinds.
In April (2022), the National Federation of Cooperatives of Milk Producers (Federação Nacional das Cooperativas de Produtores de Leite - Fenelac) warned that dairy farmers were “experiencing their worst economic phase of the last 20 ...
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