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.