The European Commission has submitted its proposal for a regulation to the Council of the EU seeking to set the limit at which public intervention takes place on its skimmed milk powder at zero, compared with 109,000 tonnes currently (see EUROPE 11892).
This is to bring an end to automatic intervention in order to prevent milk powder stocks, which are already very large (currently standing at 385,000 tonnes) from the increasing further after 1 March when the intervention period opens.
“Raw...