Agriculture ministers to meet on EU dairy crisis
The move comes following the European announcement of amended support measures for the dairy sector in light of the continuing downturn pressure impacting on world dairy markets and the impact of the Russian ban on EU food imports.
Milk prices paid to EU farmers have declined significantly since the second half of 2014 and beginning of this year. The reduction in milk prices had showed signs of slowing down in February but in May, it decreased by 2.6% compared to April.
The EU average milk price, at €30.48/100 kg in May, was 19% below the previous year.
There are significant differences between member states, the strongest decreases compared to last year, can be observed in the Baltic countries, where the milk price is below €25/100kg. In Portugal, France and Poland milk prices were below €30/100 kg. ■