Volumes of SMP flowing into storage slowed somewhat for the week ending January 24, data from the Milk Market Observatory shows. Just 69t was placed into PSA with a storage period of 210 days and 810t went into PSA with a storage period of a year compared to 1704t a week earlier. The Netherlands entered the most SMP into both storage periods this week with 2448t.
SMP placed into Public Intervention was also reduced compared to a week earlier with 4918t versus 5509t. Belgium was well ahead of any other Member State entering 2265t. France, Ireland and Poland entered relatively substantial volumes of product with 725t, 631t, and 629t respectively. Czech Republic, Germany, Lithuania and the Netherlands offered smaller volumes for the week.
Butter offerings into PSA for the week were also back on a week earlier with 2611t versus 3299t. The Netherlands offered more than half of the volume with 1398t. Germany offered 816t and France offered 355t.