MADISON - Nov 12/15 - 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 trending steady to slightly higher, moving off the seasonal low point. Compared to year ago volumes, gains in milk production are higher for most countries. The move off the quota system is being credited as producers are not worried about being charged with levies against additional milk. The current milk prices are not yet restricting the milk flow. Following a hot and dry summer, some areas are more affected by feed and hay quality and availability. This is expected to impact future milk production costs and milk supplies. Dairy product prices are lower this fortnight for butter, SMP, WMP and whey. The implications of adequate E.U. supplies and competition from declining world pricing is impacting sales from the E.U. Buyers have become more reluctant to extend purchases. EASTERN OVERVIEW: Milk production is steady to marginally higher. Recent statistics show Poland lagging year ago levels, but now seeing slight gains on year ago volumes. Trends are mixed in other countries. There are adequate milk supplies for manufacturing. 0930c Butch.Speth@ams.usda.gov 608.557.7001 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
STAT News Service
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