Spain: The dairy industry closes in the León fish market to raise 9 cents more per liter of milk to guarantee its supply
Dairy
Spain
Published Oct 5, 2022
Tridge summary
The dairy industries want to guarantee their supply until the end of the year in the face of the constant decline in cow's milk production, and they have launched checkbooks in hand to retain their farmers and to acquire, if they can, new ones from their competitors. Thus, contracts have been signed at the León fish market for deliveries in October, November and December at €0.590/litre plus qualities, 9 cents more than the previous price.
Original content
The increase in costs of more than 40% in feed, 25% in fodder, more than 300% in electricity and 60% in diesel have had the consequence that in the last year more than 750 dairy farms have closed down in Spain (more than 2 days), and many of those who have remained have had to take part of their livestock to the slaughterhouse to have liquidity and lighten their debts, this coupled with an extremely hot summer that has affected the performance of the animals, has reduced milk production in Spain month after month. This summary of what happened in this strategic sector in our country can be extrapolated to the rest of Europe and the world and therefore current dairy production is very adjusted to consumption and that is why the dairy industry wants to guarantee its supply. On the other hand, in the session of the market held this Tuesday (Wednesday is a holiday in León) many movements, affecting cereal (with an average increase of 5 euros), goat's milk and slaughter cows, has also ...
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