Farmers want the dairy industry to guarantee a minimum (powdered) milk price of 300 euros a tonagainst

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Farmers want the dairy industry to guarantee a minimum (powdered) milk price of 300 euros a ton—against 210 euros a ton this month. Max Bottier, a dairy farmer in Normandy, said that he needs 300 euros a ton to break even.

The Times, May 26, 2009, If a support price for milk is set at 300 euros a ton, how will the quantity of milk produced and the quantity bought by consumers change? Who buys the surplus? Will the European milk market be more or less efficient than it is today?

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Foundations Of Microeconomics

ISBN: 9780132830881

6th Edition

Authors: Robin Bade, Michael Parkin

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