Sign in to your account
Forgot / Reset Password? Click here
Not registered with Farmers Journal? Register now to read 5 Member articles for FREE
Or

To redeem your unique loyalty code from the print edition click HERE
Just one final step...
You must confirm your email address by clicking on the link we’ve sent to your email address.
You are only one short step away from reading...
€48.3m of SMP sold out of intervention
Register below to read FIVE Member articles
for free per month.
Or to redeem your unique loyalty code
from the print edition click HERE
Only takes a second!
Already registered with Farmers Journal? Sign in
By registering an account you agree to our Privacy Policy and Terms of Service.

€48.3m of SMP sold out of intervention

By on
The EU Commission has sold 41,958t of skimmed milk powder (SMP) out of intervention this week.
The EU Commission has sold 41,958t of skimmed milk powder (SMP) out of intervention this week.

The near 42,000t was sold for €1,150/t which is €100/t higher than last month’s sale.

The EU Commission sold 1,800t of SMP out of intervention. In February 4,337t was sold. Last month 25,000t was sold.

This is a reduction of over 70,000t in the intervention stock overhang so far this year.

“It is now time for co-ops to stop talking down milk prices and to start leveraging the improved returns for the benefit of farmers,” IFA national dairy chair Tom Phelan said.

“Buyers’ understanding that the days of cheap dairy products are over is also in evidence in rising international prices, which in the last week returned between 31c/l (EU MMO) and 34c/l (average of European spots) before VAT for an Irish product mix, after deduction of a nominal 5c/l processing cost.”

Read more

Dairy trends: Oil markets fuel further dairy commodity price rises

Related tags
Related Stories
Dariy Master milk tank 4500 litres Automatic washerDirect expansion Twin...
With Cummins engine in PMO 550 genuine hours ...
Triticale, Linseed, Mustard premixed together in 22kg bags....
Low Cost Rainwater Harvesting System.The only system that collects 100% of r...
Create a wildflower meadow like this in 8 to 10 weeks. Attracts bees, butterflie...