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Eurostat reports EU farms produced 160.1 million tonnes of raw milk in 2020, up 1.1% from 2019, with dairies producing more butter, cheese, skimmed milk powder and whey than in 2019. Germany accounted for the largest share of EU dairy output across major products.
Higher EU dairy output in 2020 is historical data that adds modest supply to global dairy markets, with limited direct effect on current prices.
ec.europa.euNov 18, 2021After 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.
