European Dairy Market Summary
MADISON - Jan 21/16 - 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: Northern European milk production is said to significantly exceed levels one year ago, but is slightly lower than a week ago due primarily to weather conditions. In this part of Europe, late year holidays tend to linger and this week is the first week of the year with most people fully back at work and retail dairy supply chains back in normal flows. November milk production is typically the lowest month in Europe. This November, milk production was an estimated 4.9% above November one year ago, exceeding 4.2% in October, the previous high. During the period January-November, 2015, the top increases in milk production over the same period of the prior year for EU countries are: Spain, 13.69%; Ireland, 12.87%; Luxembourg, 8.05%; and Belgium, 6.38%. The only decreases were: Greece, -1.63%; Sweden,- 0.32%; and France, -0.03%. Overall higher levels of milk production than one year ago are expected to continue through the first months of 2016. Processors are facing the challenge of what to do with increased volumes of milk in a global situation of more milk from various sources seeking customers. 0930c Eric.Graf@ams.usda.gov 608.557.7005 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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