UPDATE 1-End of EU milk quotas raises cheers, and dire warnings

April 1, 2015 12:51 PM

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* Others fear oversupply and chronic price collapses (Updates with upcoming launch of dairy futures contracts)

LONDON, April 1 (Reuters) - European Union milk quotas were lifted on Wednesday after more than 30 years, creating expansion opportunities for some dairy farmers while potentially threatening the livelihood of others.

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