Fischler: Dairy markets to stay demand-driven after financial crisis

DAIRY markets will remain demand-driven even after the present financial crisis, the former EU agriculture commissioner Franz Fischler said when he addressed the centenary celebrations of the Tipperary Co-op yesterday. The co-op has an annual turnover of €150 million.

He said markets will continue to be determined by consumption patterns and population growth across the world.

On the world markets, he said the OECD and the Food and Agricultural Policy Research Institute (FAPRI) foresee that the medium-term outlook remains dominated by substantial expansion in global demand for dairy products.