A possible shortage of milk in the EU, what will it do to the EU’s role in the global market?

Milk prices paid to farmers have averaged between €0.45 and € 0.60 per kg in the EU over the last couple of years but milk production has hardly increased since 2021. This new reality firstly creates some interesting challenges for EU processors in years to come. The combined output profile of the EU processors will require some re-evaluation and eventually we will most likely see a restructuring of processing assets across the EU region.

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