The EU dairy sector is reviewed
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CTA. 2003. The EU dairy sector is reviewed. Agritrade, January 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52530
The latest USDA review reports difficult conditions...
The latest USDA review reports difficult conditions in the EU dairy sector in the first eight months of 2002. Mild weather conditions, quota increases and the number of animals retained on farm as a result of BSE and FMD restrictions saw an increase in EU milk production, although the situation varied from country to country. With exports sluggish, massive quantities of butter and skimmed milk powder were taken into intervention. In the autumn of 2002 the EU dairy market situation improved significantly as exports rose on the back of higher export refunds (increases for butter occurred in January and for cheese in May). Russia remains a major market for EU dairy exports. In 2003 it is anticipated that the market situation will be more stable, with consumption expanding (partly as a result of specialist coffee shops) and exports remaining at current levels. Between 2000 and 2003 EU cheese and butter exports are expected to increase by 4% and 15% respectively. Intervention stocks of butter are increasing even more dramatically and are expected to be 85% higher in 2003 compared to 2001.