Milk prices in Germany have hit a record low. Farmers are now reportedly getting less than 20 cents per kilogram. The situation is drastic; many dairy farmers are thinking of throwing in the towel.
A massive oversupply of powdered milk, coupled with an end to limits on regular EU milk production, has sent the market price plunging in recent years.
Got milk? Markets across the European Union do, and far too much of it. German media report milk prices have slipped to new lows, depressed by an oversupply following last year’s end to production quotas.
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Many dairy farmers work long hours though their pay is dropping and a growing number of farms are going bankrupt. They have a low opinion of subsidies. DW's Jan Walter spoke to a dairy farmer in western Germany.
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