Intervention is open again in the UK for butter: in two successive weeks, as sterling has strengthened, the 92% trigger price has dropped steadily as have declared prices. Over 2,800t of butter have been offered and accepted over the last reporting period, most of it in Spain. Sweden, Denmark and Austria are the only EU countries where intervention stays closed. With the softening of intervention prices, raw milk pricing talks are becoming extremely fraught. As intervention becomes an increasingly unattractive option, so too will the prices on offer on the open market. As a member of one of the regional producer co-ops put it: "We want to work closely with our customers." But no indicative pricing is being even so much as whispered for April outside the talks. {{PROVISIONS }}

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