EU dairy farms need major surgery, not sticking plasters
It doesn’t tell the full story, because it’s the profit margin that matters to the farmer, not the milk price.
The price has yo-yoed nearly every year. On average, it fell from 2001 to 2007, but stuttered from 36c in ’01 to under 30 in ’02, back over 32c in ’03, down to 28c later in ’03, up to 32c, back under 28c in ’04, and recovering to over 31c, before falling to nearly 27c in ’05, recovering to 31c, and falling to nearly 24c in ’06.
