Prospects for the EU dairy market
MetadataShow full item record
CTA. 2003. Prospects for the EU dairy market. Agritrade, August 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52498
The European Commission released its review of the 'Prospects for Agricultural...
The European Commission released its review of the 'Prospects for Agricultural Markets in the European Union 2003-2010' in June 2003. In the dairy sector the market balance is expected to improve over the medium term, with increasing cheese production and consumption and a lower availability of butter and cheese. Given the quota-management system in place, milk production in the EU-15 will remain constant, but the utilisation of milk will change, with cheese production increasing by 540,0000 tonnes, butter production decreasing by 140,000 tonnes and milk powder production declining by 180,000 tonnes. After short term increases EU dairy-product exports are expected to decline. Comment: While EU dairy-product exports are expected to decline, the prices at which EU dairy products can be exported will fall as a result of the June 2003 agreement on CAP reform. This could make EU dairy exports more price competitive on those ACP markets (in Africa), where the EU is the dominant supplier.