EU-28: Dairy and Products Semi-annual
Despite the drop of farm-gate milk prices and reduced export demand for dairy commodities, deliveries of milk in the European Union increased by over 2 percent in 2015 and are expected to continue to grow in 2016. Increased milk production is expected to be mainly processed into butter and non-fat dried milk, which remain in demand on the world market and are easy to store under the EU market intervention programs. In early 2016 the European Commission introduced additional market intervention measures to assist farmers to adjust to the new market situation after the termination of the milk quota system.
