Europe’s dairy engine showing signs of ‘structural decline’
New Rabobank report’s results ‘sobering reading’ for Irish industry
The region is declining due to an extended period of weakened profitability, environmental limitations, labour constraints and more extreme weather conditions. Photo: Sina Schuldt via Getty Images
The dairy sector in north-western Europe is showing signs of “structural decline”, a new Rabobank report has suggested, with Irish farm leaders describing its contents as sobering reading.
The bank highlights that the region, which has been an engine of European milk-production growth in the last decade, is declining due to an extended period of weakened profitability, environmental limitations, labour constraints (due to succession and availability) and more extreme weather conditions.
