IFA commends EU Commission’s approach to intervention stock sale

THE approach adopted by the European Commission on the first intervention stock sale since 2007 was described as cautious and welcome by the Irish Farmers Association.

Dairy intervention stocks that have been sold back on to the European Union market were bought up by the Commission in the course of last year’s dairy crisis in order to support market prices.

A decision by the commission’s management committee has now resulted in 11,551 tonnes of butter being sold from stores in Belgium, Ireland, France, the Netherlands and Britain.