The Penrith MP and junior Environment Minister Rory Stewart has promised there will be better times ahead for dairy farmers at a meeting in Cumbria. The MP told around 200 farmers that world markets will pick up and that the Government will do all it can to prevent volitility in milk prices. Mr Stewart addressed the farmers at a crisis meeting at Rheged near Penrith this evening. The crisis in dairy farming has come about because many farmers say the price of milk is less than the cost of production.
There is of course light at the end of the tunnel. It is true that the global population is growing. It is true that demand for milk goes up all the time in places like China. The first thing that anyone in China or Indonesia wants to do when they grow weathy is buy milk and milk products. The secretary of state has also been very detirmed to get closely involved in whether we can set up proper hedging on prices so comodity prices jump around up and down year by year, can we set up a proper market so that's averaged out and smoothed over so people aren't going from boom to bust."
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