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Eurostat estimates EU farms produced 161.0 million tonnes of raw milk in 2021, up 0.7 million tonnes or 0.4% from 2020. Italy and Ireland rose while Germany, France and the Netherlands declined.
Most output went to dairies for butter, cheese and drinking milk.
Stable EU milk supply in 2021 provides a historical baseline and has limited direct effect on current feed demand or dairy prices.
ec.europa.euNov 14, 2022After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
