No obvious signs of dairy price recovery, says Hogan

There are no clear signs of short-term recovery in dairy markets, the European Commission’s farm commissioner Phil Hogan told a meeting of the Bulgarian parliament’s agriculture and food committee in Sofia yesterday.

He made the comments amid growing concerns by dairy farmers in Ireland that they can not afford to take any further milk price cuts.

Mr Hogan said the milk sector is suffering from worldwide oversupply and slowdown in demand, after the “record high” prices of 2013-2014. However, in 2014, the EU produced 4.5% more milk than the previous year while other main world suppliers increased their output in the area of 2%.