French milk producers and the processing industry have reached an agreement on price decreases following government mediation.
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The past few weeks have seen dairies blocked in several regions of France by producers protesting at the scale of the cuts.
Under the terms of the agreement, a price decrease of €6.5/1,000 litres (US$8.0) has been set for September rising to €8.8/1,000 litres in October, November and December, France’s milk industry trade body, Onilait, indicated.
Since July the decreases had ranged from €8-13/1,000 litres despite an agreement reached in May which set the scale of the cuts at €7/1,000 litres.
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