- Location
- Northern Ireland
It doesnt need to cut 50%. If milk was cut by 5% in europe alone it would be at least 10p a litre more
So you raise global milk price by a hypothetical ten p. What then happens to production in the rest of the world? It grows to fill the 5% European void, and when it's filled, price comes back down again. Who were the winners? You've just given away market share to ex-EU producers