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GAIN Report 11/5/2004

Auteur: Torry Justina,Bendz Karin,Polet Yvan
Editeur: U.S. Mission to the European Union
Lieu:
Année: 2004
Pages: 20
Mots-clés: 

Accession of ten New Member States adds 14 percent of milk to EU milk deliveries to total over 132 million MT in 2005. Accession immediately triggered NMS dairy exports to the EU-15 because of significant price differences. NMS markets are expected to adjust to EU markets rapidly.

Reductions in intervention prices for butter and NFDM, as agreed in the
2003 Mid Term Review, are expected to lead to a decrease in production and major reductions in intervention stocks by 2005. Strong export demands will enhance this evolution. As a result, production of higher value added cheese and WMP are anticipated to increase. This evolution is stimulated by increasing domestic consumption and good export opportunities.

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