Over 30,000t of SMP sold from intervention

The volume sold and the price is higher in the latest skimmed milk powder (SMP) tender.

8 November 2018

The price has increased from €1,231.

Some 30,067t of skimmed milk powder (SMP) has been sold from European intervention stocks for €1,251/t in the latest tender this week.

The price has risen from €1,231 and is an increase on the 20,033t sold in the last tender at the end of October.

For this tender, no maximum buying-in price was fixed and no stock was bought in.

RELATED STORIES

Councillor Laurence Fallon called on senior members of the Government to visit Lough Funshinagh to witness the emergency situation for themselves.

While all sectors are suffering with the continued wet weather, the tillage sector is at breaking point.

The trading event finished with the Global Dairy Trade (GDT) index up 0.1% on the previous auction a fortnight ago.

Declan O’Brien

The sharp fall-off in milk output comes on the back of this spring’s atrocious weather conditions.