European milk output falls for first time in more than a year, Fonterra says

Mon, 26 Sep 2016

By Paul McBeth Sept. 26 (BusinessDesk) - European farmers scaled back their milk production in June, the first time they've done so since March 2015, Fonterra Cooperative Group says. European Union production fell 2 percent in June from the same month a year earlier, continuing the reduction in output as farmers culled stock, spent less on supplementary feed, and poor weather weighed on the region's producers, Fonterra said in its monthly update. Annual EU production rose 4 percent in the year ended June 30, the same pace as in the year...

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