EU-28: Dairy and Products Annual
It is expected that in 2016 milk deliveries in the European Union will increase by 1.1 percent and stabilize in 2017. In 2016 increased milk production is expected to be mainly processed into cheese and butter which remain in demand on the world market and non-fat dried milk (NFDM) used by the EU in the market intervention programs. The European Commission (EC) continued intervention on the dairy market in 2016 through subsidizing public stocks of NFDM, and private storage of NFDM, butter and cheese. In addition the EC allocated U.S. $168 million for voluntary reduction of milk production and U.S. $392 million as aid envelopes to member states for use in programs supporting dairy industry.