Volumes of SMP put into intervention reduce to zero

For the first time since the end of March no Skimmed Milk Powder (SMP) has been placed into intervention.

Odile Evans

1 June 2017

Volumes of SMP put into intervention reduce to zero

Intervention volumes have been steadily decreasing over the last number of weeks. However, this is the first week that the measure has not been used since the end of March this year.

Since 27 March, 7,937 have been offered into intervention with the biggest supply coming from Lithuania (3,459t). Ireland has not used the measure this year so far.

All bids were rejected at the last sale of SMP in intervention measures, with the maximum price of €163.41/100kg offered. SMP prices have risen to €188/100kg, while butter is now up at €485/100kg.

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