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.

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Via ec.europa.eu