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Dairy prices subdued for next five years
12 Mar 2009
ABARE has forecast local milk prices will stay subdued for five years, reaching just 35c/kg in 2013-14 because of falling demand, rising supply and EU subsidies. Dairy Farmers said it was impossible to make a judgment on the milk price outlook yet. The European Commission''s agricultural trade policy analyst Tassos Haniotis says dairy prices fell sixty per cent before the EU subsidies for dairy farmers kicked in. "So you''ve got to look elsewhere for the reasons for the collapse in prices." Most EU exports did not compete in the same markets as Australia and the US, he said.
The Weekly Times, 12/03/2009
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