EU member states agreed on Thursday 19 January not to return any skimmed milk powder held in intervention stocks to the market after this week’s tender, the third (see EUROPE 11698).
The European Commission recommended refusal of all the offers taking the view that they were well below prevailing market prices. Offers were received for a total of 7,490 tonnes, with prices ranging from €155/100kg to €190/100 kg. The minimum price set at the first tender on 15 December was...