The crisis in dairy farming is nearly over, says EU Agriculture Commissioner Phil Hogan.
And he says that this is in part due to more than one billion euros of EU support pumped into the industry over the last two years.
“The good news is that for some months now we are seeing signs of recovery,” said the Commissioner during a speech to the European Dairy Association (EDA) in Nice, France.
He said that global demand was now picking up – most notably for butter and cheese. And he said, “The long-awaited reaction from the supply side finally materialised in the EU starting in June this year.