NDLI: Dairy

Content Provider	OECD iLibrary
Organization	OECD
Abstract	International dairy markets have experienced a dramatic rise and fall in recent years. After a strong run-up in prices, the market situation reversed in the course of 2008. Demand retreated while supply increased in reaction to strong price incentives. This coincided with the commencement of the global economic crises and by early 2009 prices fell by half from mid 2008 levels. As a result, dairy product stocks started to accumulate, most importantly in the United States and the European Union. The dramatic fall in prices from the peaks of 2008 has shaken the global dairy sector. In many countries the relatively stronger market situation witnessed in previous years led to a rethinking and mobilisation of the sector’s longer term strategy (for example, the European Commission has established a High Level Expert’s Group on milk to discuss medium and longer term arrangements for the dairy sector, given the abolition of the current quota system in 2015).
Page Count	12
Starting Page	159
Ending Page	170
Language	English
Publisher	OECD Publishing
Publisher Date	2010-06-16
Access Restriction	Open
Subject Keyword	Agriculture and Food Industry and Services
Content Type	Text
Resource Type	Chapter

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