Since the European Commission raised the maximum volume allowed for fixed-price buying at the end of June, processors had been slow to use the scheme after the frenzy observed in May.
ADVERTISEMENT
According to the European Commission figures, European milk processors placed nearly 9,000t of skimmed milk powder (SMP) into public intervention between 4 and 10 July.
Ireland was among the main contributors, with just over 1,000t offered. France, Belgium and Germany remain the heaviest users.
Since the European Commission raised the maximum volume allowed for fixed-price buying at the end of June, processors had been slow to use the scheme after the frenzy observed in May. The past week’s figures show a lot of product still cannot find a market, with Ireland using intervention for the first time since the ceiling was raised.
ADVERTISEMENT
Private storage aid
The quantities of SMP offered into private storage aid, too, jumped to 2,290t in the past week – the largest weekly volume so far this year. A quarter of that came from the UK, which used the scheme for the first time this year. Ireland has not yet availed of it.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
According to the European Commission figures, European milk processors placed nearly 9,000t of skimmed milk powder (SMP) into public intervention between 4 and 10 July.
Ireland was among the main contributors, with just over 1,000t offered. France, Belgium and Germany remain the heaviest users.
Since the European Commission raised the maximum volume allowed for fixed-price buying at the end of June, processors had been slow to use the scheme after the frenzy observed in May. The past week’s figures show a lot of product still cannot find a market, with Ireland using intervention for the first time since the ceiling was raised.
Private storage aid
The quantities of SMP offered into private storage aid, too, jumped to 2,290t in the past week – the largest weekly volume so far this year. A quarter of that came from the UK, which used the scheme for the first time this year. Ireland has not yet availed of it.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS