The Belgian dairy industry recorded a turnover of €3.3bn (US$3.8bn) for 2002, a fall of 9.0% year-on-year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.

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