European Milk Board says price must nearly double for EU to sell skimmed milk powder
European dairy farmers say the price of skimmed milk powder (SMP) needs to nearly double before the EU can sell its 350,000 tonnes of the powder stored in intervention.
Romuald Schaber, president of the European Milk Board farmers’ grouping, said the current EU average milk price of 33c per litre is way below a cost-covering level, and the price would fall further if the EU sells SMP at the current market price of €175 per 100kg.
