Public intervention saw a record volume of SMP offered into the scheme in a single week over the current intervention period with 6359t flowing through for the week ending January 10. This well surpasses the previous record volume a week earlier of 3748t.
For the week ending January 10, Belgium entered the most volume with 2182t. The UK entered 1135t, the first offering since August last year. Other offerings came from Lithuania, France, Poland, Germany, Ireland, Czech Republic, The Netherlands and Latvia.
Over the last 8 week period a total of 23,126t of SMP has entered the scheme, 50% of the total volume entered since product began flowing in July 2015.
Volumes of SMP into Private Storage Aid (PSA) was also strong. For a storage period of less than 210 days a total of 947t was offered for the week, with 589t from The Netherlands and 359t from Belgium.
Both of these countries also offered SMP into PSA of 365 days. Of the total 1138t, 624t came from The Netherlands and 398t came from Belgium. The remaining 116t being offered was from France.
A total of 8444t of SMP was entered into intervention for the week ending January 10.
PSA for butter saw the highest weekly volume since August last year with 3990t (8.8 million pounds) being offered. France offered the most with 1760t followed by The Netherlands with 1053t. Germany, Belgium, and Lithuania also offered product with a small volume coming from Austria.
Activity in the PSA for cheese was reasonable with a total of 636t being offered from The Netherlands (385t) and France (250t).
