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Many of the bids for the first lots of skimmed milk power (SMP) to be released from EU intervention stocks have been rejected.
Skim milk powder prices across the EU rose sharply last week after reports that intervention stocks were running out. Quotations for human food grade product leapt in the Netherlands by nearly 3% to around E2080/tonne. A similar increase took place...
Discounted EU intervention stocks of skim milk powder, which have been on sale for animal feed and general use since late June, are running out fast. Industry insiders have warned that if the recent rate of sale were continued, stocks would be...
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