The European Union (EU) dairy sector has been riding out the Covid-19 crisis, despite weak raw milk prices, although looming political challenges regarding the EU budget and Brexit makes its future uncertain. Pekka Pesonen, secretary general for EU farmers' federation Copa-Cogeca, warns, "Producer prices have not yet seen an upward trend." Trade data released by EU statistical agency Eurostat has shown milk spot prices at €35/100 kg in June, down from between €40-45 last June. "Reduced milk cheques for farmers for four months in a row, means that the economic effects of Covid-19 are only now being felt on many farms," Pesonen says.
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