Shot in the arm for EU dairy and milk market
The EU dairy market got a shot in the arm last week, with the biggest intervention skimmed milk powder sale since public tenders began in December, 2016.
On December 13, 60,537 tonnes of skimmed milk powder stocks were sold, with the EU Commission saying about three quarters of the skimmed milk powder bought into public stock has now been carefully returned to the market, helping to keep EU farm gate milk prices at a “satisfactory” 36 c/kg.
