Blimling and Associates Blog

Blimling and Associates Blog

Market news, alerts, and commentary


On The Streets of Brussels

Dairy product and milk prices are a bit higher in Europe and elsewhere in the world. Dairy producers in the EU, however, remain unhappy and willing to show their discontent. A Bloomberg post yesterday (October 5) details a protest in Brussels:

Farmers threw eggs and poured milk onto the streets of Brussels today to protest a slump in dairy prices and plans to scrap production quotas.About 1,500 people joined the protest outside the European Council building, bringing traffic in the city center to a halt, police said. European Union agriculture ministers met there to debate emergency aid to the industry. Dairy farmers may lose 14 billion euros ($20.4 billion) this year after a 30 percent drop in milk prices, the European farm association Copa-Cogeca said.“Farmers are furious,” Padraig Walshe, president of Copa, said in Brussels today. “Never before was any sector of agriculture so badly affected. Farmers are going broke. The European Commission and ministers cannot stand idly by.”

EU Commissioners continue to meet and discuss solutions, but the pace does not seem hurried.

Farmers Pour Milk In the Street As EU Ministers Meet

Category: Policy

This information has been compiled for the benefit of Blimling and Associates clients and is for informational purposes only. Blimling and Associates assumes no responsibility or liability for any information found on external websites. Inclusion of any item does not constitute any endorsement of any kind. This information is carefully compiled but not guaranteed to be complete or free from error; nor does it constitute a solicitation to buy or sell futures/options contracts. Futures and options trading involves risk. Contact a licensed professional for more information.