German milk prices are falling well behind production costs, according to figures by the European Milk Board.
Bloomberg.com reports production costs in October were 43.06 euro cents ($0.57) a kilogram in northern regions and 51.03 euro cents a kilogram in the south. The average price farmers received last year was 31.50 cents a kilogram, according to the report. A farm-gate price of 50 euro cents a kilogram is “essential,” the EMB, a producer lobbying group, says.
“The study shows clearly the huge gap between production costs incurred and the prices producers are paid,” the group is quoted in the article. “For the EMB it is essential that policy-makers use these figures and set up an EU-wide monitoring agency.”
Source: Ontario Farmer