Top banker: markets ready for extra milk

A top global agri-banker predicts that continued strong growth in world demand will absorb additional supply of EU dairy products after milk quotas are fully lifted in 2015.

Kevin Bellamy, senior global dairy analyst for Rabobank, with more than 25 years of experience in the sector, said that when quotas go an additional nine billion litres of milk will be produced annually.

“Of this additional production, it is estimated that 3.6bn litres will be absorbed by additional demand out of the EU,” he said.