Futures market could help hard pressed UK dairy farmers

15-Jan-2016 @ 2:45

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A futures market in dairy products could be established in an attempt to reduce the price volatility affecting UK farmers.

The idea, championed by Conservative MEPs, is to be examined by a new EU task force charged with examining how to strengthen the position of farmers in the food supply chain.

The Agricultural Markets Task Force, established by EU Agriculture and Rural Development Commissioner Phil Hogan, will also look at issues such as market transparency and the legal aspects of farmers acting collectively.

The move has been welcomed by Conservative Agriculture Spokesman Richard Ashworth MEP. "This is a further step towards the greater market orientation of the Common Agricultural Policy," he said.

"Over the past 18 months the UK has led calls to establish a futures market for the hard pressed dairy sector and it is very encouraging that Commissioner Hogan's task force has agreed to look into this."

The 12-member task force is headed by former Dutch minister and academic Cees Veerman and includes David Dobbin, Group Chief Executive of the UK's United Dairy Farmers. It is due to report in the Autumn.








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