European Dairy Market Summary

MADISON - Oct 1/15 - SNS -- Dairy market conditions in western and eastern Europe were reviewed in the latest report on the sector released by the USDA today.

WESTERN AND EASTERN EUROPE
WESTERN OVERVIEW:
Milk production in Western Europe is seasonally low, but varies from
country to country. Farm level prices remain low, even as dairy
commodity prices are rising. The European Dairy Commission did
allocate funding to aid farmers, but sources suggest that money will
mainly go towards funding private storage and intervention assistance.
This will also provide support and aid in the impact of the Russian
ban that was renewed in August for another year.
EASTERN OVERVIEW:
Eastern Europe milk production is at lower than normal seasonal
levels. The lower milk prices are still concerning for most farmers,
but has not slowed production. Processors are reporting adequate milk
supplies for current demand. They are choosing to make more of
products that will give them a higher return, which is currently WMP.
0930c Tara.Hebrst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home

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STAT News Service