Belgium EU-28: EU Dairy Markets Still Looking for Equilibrium after Dairy Crisis
The European Union’s (EU) dairy market seems to be slowly emerging from its recent “dairy crisis,” when EU farmers were faced with overproduction and the lowest commodity prices since 2009. However, most of the subsequent recovery has been due to the stabilization of global dairy prices due to decreased global and EU production rather than any EU-led interventions. The crisis has nevertheless forced MS to look for other ways to avoid a future repetition of these problems. Unfortunately, recent measures by some MS to impose mandatory labeling of milk and dairy products are meant to support farmers but are more likely to reduce producers’ profit margins in the long run.