EU milk production posted another year-over-year increase in March, led by gains in Germany, France, and the Netherlands, but the gains may be slowing. In this week’s Chart Chatter, Melissa and Vuko break down the latest production estimates, why milk solids continue to outpace demand growth and what slowing seasonal momentum could mean for dairy markets in the months ahead. After adding an estimated 4.7 billion kilos of milk since early last year, Europe’s supply growth may be starting to moderate—potentially setting the stage for improved market balance and firmer prices moving forward.