EU scheme helps reducing milk production

Agro Napló
More than 48 000 milk farmers from across the EU have applied for support from the EU for agreeing to voluntarily reduce their production of milk by nearly 861 000 t in the last quarter of 2016 and in January 2017.

This EU milk production reduction scheme, launched last summer and financed with €150 million, was one of the flagship measures decided by the European Commission to face the milk crisis. It contributed to rising trends in EU milk prices these last few months, bringing markets closer to balance.

The voluntary production reduction scheme is a measure which had never been done before, but which has been a clear success. There has been a quick and unmistakeable price recovery, with the milk market witnessing a rising trend for a number of months. EU average farm gate milk prices have increased by 31% since last summer, up to 33.7 c/kg in February.

Full news available via the link below.

Via ec.europa.eu

Címlapkép: Getty Images
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