Thursday, March 28, 2024

Round-up: SMP and butter volumes active in EU intervention

Avatar photo
Intervention volumes were still active for European skimmed milk powder (SMP) and butter over the holiday period but activity with cheese came to a halt, figures from the Milk Market Observatory show. The Netherlands dominated volumes of SMP and butter being entered in Private Storage Aid (PSA).
Reading Time: < 1 minute

SMP offered into Public Intervention for the week ending January 3 came to 3748t. Belgium continued to be the biggest contributor of this volume with 1176t. Notably, Poland offered its highest weekly volume since the intervention period opened with 901t offered for the week.

Lithuania offered 547t, France offered 400t, Germany offered 334t, the Netherlands offered 275t and Latvia offered 115t.

A total volume of 40,280t of SMP has entered intervention since July 2015.

For the same week SMP offered into PSA came to 1618t. Most of this volume came from The Netherlands with 885t put into storage of less than 210 days and 391t into storage of 365 days. The Netherlands was the only country to utilise the scheme for storage up to 210 day. There were smaller offerings into storage of 365 days from Germany with 150t and France with 192t.

PSA stocks of SMP at the end of November rose slightly from the month before finishing at 28,625t compared to 27,683t at the end of October. A total of 5029t entered the scheme in November and 4087t was removed. 

Butter placed into PSA for the week ending January 3 was also dominated by The Netherlands offering 1023t of the total 1880t. France placed 532t, Germany 270t and Belgium 55t. 

Butter stocks in PSA at the end of November finished at 60,470t with just 2487t entering the scheme for the month and 16,236t being removed from the scheme. This compares with end of October stocks of 74,220t.

There were no cheese volumes placed into storage for the week.

Download the figures from the MMO

Total
0
Shares
People are also reading