Stephen Cadogan: Only 1% of global milk output but making waves

The power of Irish dairy co-ops and of Dutch environmentalists is making waves in the global dairy industry.

That’s the conclusion of Rabobank dairy analyst Matthew Johnson, in his recent attempt to explain what the leading global agri-bank calls “the perplexing persistence of EU milk production growth” .

All round the world, dairy industries are looking at Europe and wondering when its increasing flow of dairy products onto over-supplied markets will slow down.