EU – The European Commission has announced a dairy market monitoring programme in anticipation of milk quotas being lifted next year.
The Milk Market Observatory was launched at 4pm on Tuesday 16 April with the aim of easing the dairy sector into a post-quota environment after 31 March next year.
Through accurate market data and greater transparency, the observatory will allow supply chain stakeholders to take ‘well-informed business decisions’ and to assist the Commission in policy direction.
European Commissioner Dacian Ciolos said: “The Observatory's true added value will lie in the constructive assessment of different market analyses. It will be a crucial tool for decision-making by the Commission and Member States."
He added that a ‘wealth of data’ will be housed on an online interface.
Regular reports will be produced by the Monitoring Committee's Economic Board and will be publically available.
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TheCattleSite News Desk
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