What are vanilla milk derivatives?
Vanilla milk futures are a brand new milk futures product which is the result of the European Union’s agreement to restrict imports of milk from countries such as Russia, Ukraine and Kazakhstan, according to Reuters.
The EU also has a quota for milk products from the UK.
Vanilla futures are made up of 50% milk and 50% whey, which means they are produced from a mixture of the milk and whey.
The European Commission said the products are safe and environmentally friendly and the Commission is in talks with the UK to determine the final price.
A spokesman for the EU’s Food Safety Authority said: “These products will be made safe and responsibly using EU regulations, which ensure safe and nutritionally complete products with zero animal by-products, including milk.”
Whole milk, or skim milk, is produced from the milk of cows that have not been ruminated and are therefore not ruminant animals.
Whole, milk and skim milk futures have been produced for years in Europe, with the majority of the UK’s milk produced using the Russian, Ukrainian and Kazakh varieties.
Wholesale milk prices in the UK have also risen, but the price of the futures has increased since September.
The futures were introduced in August to address concerns about the safety of the products.
The European Commission says the product has been shown to be safe and healthy for consumers.