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 in Germany, while in France prices were quoted at E2120/tonne.

These prices, the highest seen for more than three years, are nearly 10% above the intervention price, which was reduced by 5% in July.

In the UK, prices were following the upward trend in the continental market.