Public intervention saw 7499t of SMP entered for the week with volumes coming from Belgium (1783t), Lithuania (1422t), Poland (1378t), the Netherland (968t), France (724t), Germany (648t), Ireland (406t), Latvia (146t) and Estonia (24t). This is the highest weekly volume this year.
The Private Storage Aid (PSA) scheme was less popular with 763t being offered into a storage period of 210 days and 388t being entered into a storage period for 365 days.
Butter volumes placed into PSA totalled 3008t following the previous week’s large influx of 7297t.
The Netherlands offered 1151t, France 756t, Germany 566t, Belgium 311t and Lithuania 224t.
Prices for most European dairy products eased although SMP gained 0.6% to €165/100kg and Emmental gained 1.2% to €385/100kg.
Whey powder dropped by €2 (-2.6%) to €56/100kg. Butter prices eased 0.2% to €276/100kg, whole milk powder fell 1% to €206/100kg.
Of the cheeses cheddar fell 1.4% to €275/100kg, edam fell by 1.7% to €228/100kg and gouda fell 1.2% to €233/100kg.
