THE SYSTEM OF MILK QUOTAS AND CHANGES IN THE LEVEL OF MILK PRICES IN SELECTED EU COUNTRIES

• Authors: Malak-Rawlikowska A.
• Languages of publication: PL

Abstracts

EN

The system of milk quotas was introduced in 1984 to curb the overproduction of milk on the EU market. Both before and after the introduction of quotas the prices of milk in the analysed countries kept growing until 1989. The annual growth in prices was more dynamic in the 1974-1983 than in the 1984-1989 period. Up to 1984 growth in milk prices was highly correlated with the increasing target price of milk and with the rising costs of production (mainly the costs of feed concentrates). After 1984 milk prices continued to grow despite the freezing of the rise in the target price (in fact this price was lowered), fast decline in the cost of the means production (in particular concentrated feeds and energy) and dynamic growth in intervention reserves. Taking into consideration the fall in the world prices in 1984-1989 it can be concluded that the system of milk quotas introduced in 1984 helped maintain the rise in milk prices until 1989 and that it also prevented a drastic slump in these prices after the reform of the intervention system conducted in 1989 and after Mc Sharry's reform conducted in 1992.

Keywords

EN

MILK PRICES; MILK QUOTAS IN EU; QUOTAS IMPACT ON MILK PRICES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Rural and Agricultural Development, Polish Academy of Sciences; www.irwirpan.waw.pl
• Journal: Wieś i Rolnictwo
• Year: 2005
• Issue: 4(129)
• Pages: 165-174
• Document type: COMMUNICATION

Contributors

author

Malak-Rawlikowska A.

• A. Malak-Rawlikowska, Szkola Glówna Gospodarstwa Wiejskiego, Katedra Ekonomiki i Organizacji Gospodarstw Rolniczych, ul. Nowoursynowska 166, 02-787 Warszawa, Poland

Identifiers

CEJSH db identifier

06PLAAAA00751857