All bids rejected again at latest SMP intervention tender
This week's sale of skim milk powder (SMP) out of the public intervention measure system saw all offers once again rejected by the European Commission.
The monthly sale of SMP, which took place on 20 April, saw two bids rejected.
Both bids came from Poland; one for 40t at €1,632.60/t and the second for 200t offered €1,380/t.
Earlier this year, the tender system moved from two monthly sales of product to one a month. The next sale takes place this time next month.
This week's sale was the seventh tender sale of the stockpile of powder in the measure. Only 40t of powder was sold in the first tender.
Countries continue to offer SMP into intervention
The Netherlands this week began offering SMP back into intervention, placing 352t of product.
Some 1,468t of skim milk powder (SMP) has been placed in the public intervention system this week.
Germany (576t) and Lithuania (540t) also offered product into intervention. A total of 2,669t of SMP is now in the measure to date.
This year, there is enough capacity for 109,000t of SMP to be placed in intervention from EU member states at the intervention price of €1,698/t.