Milk price recovery gives hope of relief to bruised EU farmers



When Chinese baby formula-maker Synutra opened a huge new factory in western France last month with a ceremony of Breton dancing and fireworks, the boss praised the "unbeatable quality" of French milk.
The decision to invest 170 million euros in the plant after a 2008 scandal over tainted milk in China is a sign of renewed confidence in Europe's dairy farmers, who are struggling and demoralised after a two-year plunge in prices.
The green fields of Europe's northwestern dairy heartland, from Ireland to Germany, provide a reliable source of high-quality milk to meet rising... read more

 
14 October 2016 in Business, Views: 42
Source: Reuters
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