Shifting EU policy sending ripples through dairy markets

摘要

In assessing the prospects for the global dairy market, and Australia's place in it, much attention is paid to growth potential in markets such as Asia, Latin America and the Middle East. However, the huge size of the EU dairy industry ensures that any changes in this market also have ripple effects that are felt around the world. According to Rabobank's Tim Hunt recent shifts in EU policy are likely to bring significant declines in the dairy surpluses traditionally produced in this region -presenting real benefits for competing exporters like Australia.