For the second week in a row, no skim milk powder (SMP) was offered into the public intervention measure, the latest EU Milk Market Observatory (MMO) figures show.

The fall-off comes as strengthening commodity prices have seen SMP prices move well clear of the intervention buy-in level of €1,698/t.

The first volume of 2017 was offered into intervention 10 weeks ago and in that time 7,937t of SMP was offered to the measure.

Lithuania has been the leading contributor to the scheme in 2017 offering almost 3,500t while The Netherlands is the second largest contributor.

SMP stocks in intervention at the end of April stock at 351,819t, up from 350,159t in March.

Private storage aid

Meanwhile, the amount of SMP in private storage aid (PSA) in April stood at 53,955t, a decrease from 58,519t offered in March.

The MMO figures also show that less butter is going into the PSA measure.

Stock in April were at 1,396t, down from the 4,250t that were in the measure in March.

This week, butter prices in the EU rose to €5,650/t as demand for the product grows.

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