Intervention stocks almost halved after latest SMP tender

The European Commission sold almost 9,000t of skim milk powder from intervention in its sale this week.

Odile Evans

20 September 2018

Intervention stocks almost halved after latest SMP tender

This week, 8,983t of SMP was sold from European Commission intervention stocks at a minimum price of €1,230/t. This is the same price as the last sale in August.

To date, approximately 141,000t of SMP has been sold out of intervention stocks, leaving 145,000t yet to be sold.

For the seventh individual invitation to tender for the buying-in of SMP, no maximum buying-in price was fixed and no stock was bought in.

There will be two tenders in October and November, followed by one in December.

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