National Updates

REBALANCING PRODUCTION CAN SPEED MARKET RECOVERY, NMPF’S VITALIANO SAYS

FOR IMMEDIATE RELEASE
Tuesday, April 14, 2020
CONTACT
Alan Bjerga
703-243-6111 ext. 372
[email protected]

National Milk Producers Federation Chief Economist Peter Vitaliano says government support for dairy producers to reduce production in coming months can speed dairy’s recovery from coronavirus-driven price declines. Production balancing is part of the NMPF and International Dairy Foods Association plan for dairy assistance presented to the U.S. Department of Agriculture last week.

“That type of unified, collective government action would probably be the best and most effective and speediest way of rebalancing supply and demand,” Vitaliano says in an NMPF podcast released today. To listen to the full podcast, click here. You can also find the podcast on Apple PodcastsSpotify,  SoundCloud and Google PlayBroadcast outlets may use the MP3 file. Please attribute information to NMPF.

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