News
Nordmilch pledges to stop slide in German milk prices
The chairman of Germany’s largest dairy company Nordmilch has said that the company will do everything in its power to stop the current downward slide in retail milk prices throughout Germany.
Nordmilch cooperative’s administrative board chairman Otto Lattwesen’s pledge was aimed more at the farmer-suppliers who claim to be desperately in need of extra income.
Lattwesen emphasised that Nordmilch had “a duty to follow an economically responsible course with prices”, and that these must be stabilised, even in the face of a great drop in demand for milk products worldwide as a result of the current crisis. However, he hasn’t yet made any concrete suggestions on how the public can be persuaded to pay more for milk.
To illustrate the current slide, the cost of the pasteurised 1.5% fat product in some Lidl outlets fell from €0.61 per litre to €0.48 in the last two weeks of May.
See also
Latest news
| |