EU member states decided at this week’s tender (the fourth) on Thursday 9 February not to return any skimmed milk powder from intervention stocks to the market (see EUROPE 11708).
21,962 tonnes of skimmed milk powder were available for sale in nine EU member states. The European Commission recommended that all offers should be turned down as they were well below prevailing market prices (the public intervention buying-in price is €169.80/100kg and the latest average price for skimmed...