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Maaseudun Tulevaisuus - Finland | Wednesday, April 1, 2015

The market will sort things out

The scrapping of the milk quota will shake the market less than expected, the liberal daily Maaseudun Tulevaisuus believes: "According to the prognoses milk production will increases significantly in the EU in the coming years. For the farms and dairies that means stiff competition. The lifting of restrictions is occurring in a different situation than originally expected: the major upheavals on EU milk markets already occurred last autumn. … The import bans introduced by Russia as counter-sanctions to the EU sanctions left Europe with a considerable oversupply of dairy products from one day to the next. … Scrapping the quotas means that there will be an oversupply of milk in the future too. … As has always been the case, to remain competitive you need good product development, high quality and competitive prices."

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