The European Commission announced on Friday 16 December that only 40 tonnes of the 22,000 tonnes of skimmed milk powder available from public stocks had been returned to the market.
The Commission opened a call for tenders for the release of a small quantity of skimmed milk powder held in public intervention stocks (see EUROPE 11675). To test market reaction, the quantity made available was limited to 22,150 tonnes, representing only 6% of the total volume of powdered milk stored and...