arabtoday
Last Updated : GMT 17:23:16
Arab Today, arab today
Arab Today, arab today

EU: End of milk quotas mean opportunities in Asia

Arab Today, arab today

Arab Today, arab today EU: End of milk quotas mean opportunities in Asia

Dairy cows eat fodder
Brussels - AFP

European dairy farmers will be better poised to benefit from world demand for their products, particularly in Asia, when three-decade old milk quotas are lifted next week, the EU pointman on agriculture said Thursday.
But Phil Hogan, the agriculture commissioner, also told a press conference he will "remain vigilant" in case of a threat to Europe's milk producers as he acknowledged the risk of price volatility.
The quotas on cow's milk, which end on March 31, were introduced in 1984 to prevent over-production that led to "milk lakes" and "butter mountains" when farmers dumped surplus products, spurred by high prices.
Regardless of demand, EU dairy farmers have been guaranteed a price for their milk that has been much higher than on world markets, though this has been reduced in recent years.
For Hogan, a market-based approach will bring new opportunities to dairy farmers throughout the 28 nations of the European Union.
"We're going to take advantage of the opportunities that the abolition of milk quotas gives towards enhancing the potential of value-added processing which will create a lot of jobs and growth in rural areas," Hogan said.
"We have new market opportunities ... particularly in the Far East," he added.
He said Europe failed to seize these opportunities in the last 30 years while other countries like New Zealand did.
"The abolition of the quotas obviously will always raise issues about price volatility, but we continue to have market mechanisms available to us in the event of a serious crisis," he said.
He said the EU is exploring through financial instruments and in policy with member states "opportunities to confront short-term volatility" by integrating supply-chain contracts, fixed contracts, and forward contracts.
"I will continue to remain vigilant in case there is a major threat to the milk market," he said.
He said the commission has also established the Milk Market Observatory which will closely monitor the market and give the "appropriate price signals."
The commission said EU production has slowed down since the end of last year in response to signs of a slowing market.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu end of milk quotas mean opportunities in asia Arab Today, arab today eu end of milk quotas mean opportunities in asia

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today At Milaidhoo Island, Maldives

GMT 08:42 2016 Wednesday ,07 December

At Milaidhoo Island, Maldives
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today At least 50,000 Daesh fighters killed

GMT 07:57 2016 Friday ,09 December

At least 50,000 Daesh fighters killed
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line

GMT 23:37 2016 Thursday ,08 December

Global exploration and production spending

GMT 22:13 2016 Thursday ,08 December

US Jobless Claims Remain Below 300K for 92nd Week

GMT 19:04 2016 Thursday ,08 December

S. Korea's Auto Exports Turn Around in November

GMT 19:00 2016 Thursday ,08 December

Japan's GDP Downgraded to Annual 1.3% Rise

GMT 18:56 2016 Thursday ,08 December

Japan's Ruling Bloc Approves FY 2017 Tax Reform Policies
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today The summer school raising aspirations

GMT 12:49 2016 Tuesday ,06 December

The summer school raising aspirations
Arab Today, arab today Ryan Gosling, Emma Stone immortalized

GMT 12:31 2016 Thursday ,08 December

Ryan Gosling, Emma Stone immortalized
Arab Today, arab today Australia's Rinehart, China group

GMT 10:02 2016 Friday ,09 December

Australia's Rinehart, China group
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today France bets on Bollywood

GMT 10:48 2016 Tuesday ,06 December

France bets on Bollywood
Arab Today, arab today Swiss unveil stratospheric solar plane

GMT 13:47 2016 Thursday ,08 December

Swiss unveil stratospheric solar plane

GMT 11:20 2016 Monday ,05 December

By glorifying Soviet WWII 'myth'

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday