SMP Intervention ceiling reached

Agro Napló
Public intervention for Skimmed Milk Powder (SMP) has now been closed as the ceiling of 218 000t has been reached. A coefficient of 10.4707% will be applied to volumes offered on May 24 in order to respect the ceiling. Under the same regulation, a new tender for SMP intervention has been opened, with the first deadline on June 7.

Commissioner Phil Hogan stated this morning the Commission intent to propose further increase in the SMP intervention ceiling to 350 000 tones. Fixed price intervention remains open for butter. More details about the volumes, per week and per Member State, can be found here. Please check the Milk Market Observatory for more dairy market news.

Source: ag-press.eu

Címlapkép: Getty Images
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