The Belgian dairy industry recorded a turnover of €3.3bn (US$3.8bn) for 2002, a fall of 9.0% year-on-year.


The fall in turnover was due to high milk prices and the ongoing unfavourable exchange rate of the US dollar against the Euro.


Average milk prices fell by 8.2% to €28.41 per 100 litres, according to Belgian Confederation of Milk Industry general secretary, Renaat Debergh.


Dairy exports dropped 9.0% to €1.8bn, accounting for 50% of turnover. Milk imports increased by 1.1% to 3bn litres.


Average annual output of Belgian dairy farmers stood at 195,000 litres in 20002, reported the Dutch News Digest.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now