Dairy
A small amount of skimmed milk powder (SMP) amounting to just 33.42t was sold from European...
Some 30,067t of skimmed milk powder (SMP) has been sold from intervention stocks in the most recent...
'This week's increase in dairy prices at the Global Dairy Trade (GDT) auction may not have been as high as some commentators expected'
This is the second consecutive drop in milk production this year after June 2016 production decreased 2.3% year-on-year.
There was a steep drop in offers of skimmed milk powder (SMP) into the public intervention measure for the week ending August 21.
There has been a drop in the volumes of skimmed milk powder (SMP) Member States are offering to the public intervention system.
Quantities of skimmed milk powder (SMP) into the public intervention system have started to stabilise, the latest figures from the EU MMO show.
Some 24,228t of SMP has been offered to the intervention system in the three weeks after the ceiling of the measure increased to 350,000t.
Member States offered 6,613t of SMP to the public intervention system last week, the latest EU Milk Market Observatory (MMO) figures show.
New rules increasing the public intervention ceiling for Skimmed Milk Powder (SMP) from 218,000t to 350,000t formally enter into force today, June 30.
The volumes of milk powder being sold into intervention have fallen in recent weeks according to latest figures from the European Commission.
Over 281,000t of milk powder has been sold into intervention since the start of the year
Questions are now being asked as to whether intervention is the most suitable support mechanism for the dairy sector.
As was expected the European Commission will propose a further increase in the intervention ceilings for Skimmed Milk Powder up to 350,000t.
Sales of Skimmed Milk Powder (SMP) into intervention has reached 216,791t since the start of the year and is now almost over the already extended limit of 218,000t.
The European Commission will look at skim milk powder intervention ceilings in the coming days, after 22,000t of skim milk powder was offered into intervention in the past week.
The EU has officially lifted its ceilings on the levels of milk powder and butter that can be put into intervention in a single year.
The volumes of milk powder offered to intervention since the start of the year have reached the EU's limit of 109,000t.
Ireland started putting SMP back into public intervention this week after it offered 608t to the measure, figures from the MMO show.
An increase in intervention prices for dairy products will not be proposed by the European Commissioner for Agriculture Phil Hogan
EU
Over half of the EU public intervention scheme volumes have been filled by Member States in the past eight weeks, the latest figures from the MMO shows.
The Chairman of Dairy UK has written to the UK Farming Minister George Eustice, to raise concerns about the rapidly increasing amount of skimmed milk powder being submitted into intervention.
To date in 2016, 44,642t of skimmed milk powder (SMP) has been offered to the EU's public intervention level - surpassing last year's total amount offered by 4,362t.
