Swiss Dairy Industry Boosts Exports Amid Milk Surplus and US Tariffs
The Swiss dairy industry is facing challenges due to high milk production and US import tariffs. In response, the industry organization has released 16 million francs from an emergency fund to boost exports of butter, cream, chocolate, and other processed foods. Meanwhile, Swiss cheese exports to the USA have plummeted by 55% since early August.
The milk surplus in Switzerland has reached around 5%, driven by high milk production and the impact of US tariffs. This has put significant pressure on milk prices in the country. To balance the surplus, the dairy industry advises farmers to increase the annual slaughter rate by 30%, which would involve around 25,000 cows being slaughtered. The emergency fund, set to be used in Switzerland starting in 2023, aims to support exports and mitigate the effects of the milk surplus and US tariffs on the industry.
The Swiss dairy industry is taking steps to manage the milk surplus and the impact of US tariffs. The release of 16 million francs from an emergency fund for exports is expected to provide some relief, while farmers are advised to increase cow slaughter rates to balance the surplus. The industry continues to navigate these challenges to maintain its competitiveness.
