FEARS GROW OVER IMPACT OF EU DAIRY QUOTA ABOLITION
January 3rd, 2015
SERIOUS concerns were raised today at the European Parliament over the impending abolition of European Union (EU) milk production quotas, as dairy prices continue to fall. A special hearing on the future of the industry heard (on Tuesday January 27) how the sector had been taken by surprise in the past year by production increases and export market losses through Russia’s embargo. A European Commission official admitted to MEPs that the market falls “had taken us by surprise” and that they were “worrying”. He said that milk prices had declined from 40 ...
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