EU releasing some milk powder from intervention stocks
A tender procedure to release the first amounts (22,150 tonnes) of skimmed milk powder (SMP) out of public intervention stocks will open this Friday 25 November following a vote by Member States on the Commission’s proposal.
The move reflects the encouraging signs of recovery being seen on the European milk market, with an increase of about 10 per cent of the average price paid to producers in the last 3 months. Following...