Dairy
At the last tender sale, 162t of skimmed milk powder (SMP) - the final remnants of public stocks - were sold, the European Commission says.
The vast majority of remaining skimmed milk powder (SMP) in European intervention was sold out last week, with the exception of 207t.
A small amount of skimmed milk powder (SMP) amounting to just 33.42t was sold from European intervention stocks on the continent.
A total of 1,784t of skimmed milk powder (SMP) has been sold from European intervention stocks, according to DII sources in Brussels.
584t of skimmed milk powder (SMP) was sold out of intervention this morning in Europe - meaning that just 0.5% of product is left in store.
Some 80,400t of skimmed milk powder (SMP) has been sold from intervention stocks in the latest tender held in Europe.
A total of 60,537t of skimmed milk powder (SMP) was sold from intervention stocks in the latest tender held in Europe, it has been confirmed.
A total of 26,082t of skimmed milk powder (SMP) was sold from intervention stocks in the most recent tender offered in Europe.
Half of the skimmed milk powder (SMP) bought into public stock since 2015 has been put back into the market, the European Commission says.
Some 30,067t of skimmed milk powder (SMP) has been sold from intervention stocks in the most recent auction, at a price of €1,251/t.
A total of 26,033t of skimmed milk powder (SMP) have been sold from intervention in the most recent tendering this week.
A total of 31,493t of Skimmed Milk Powder (SMP) was sold out of intervention by the European Commission during the month of August.
The recent sale of almost 42,000t of skimmed milk powder (SMP) out of intervention is "an indicator of a stronger market".
The European Commission has sold 41,958t of Skimmed Milk Powder (SMP) out of intervention this week for €100/t more than in April.
A controlled outlet is needed to get intervention stocks of skimmed milk powder off the pitch, according to Ornua's Joe Collins.
The European Council is introducing a temporary change to the operation of the public intervention mechanism for skimmed milk powder (SMP).
Europe must move to sell some of the skimmed milk powder stocks currently held in intervention, Michael Hanley, CEO of Lakeland Dairies, has warned.
Ireland is not in the business of producing milk for intervention, the Minister for Agriculture Michael Creed has said.
'This week's increase in dairy prices at the Global Dairy Trade (GDT) auction may not have been as high as some commentators expected'
This is the second consecutive drop in milk production this year after June 2016 production decreased 2.3% year-on-year.
There was a steep drop in offers of skimmed milk powder (SMP) into the public intervention measure for the week ending August 21.
Last week Ireland offered 2,119t of butter to private storage aid, the second highest amount the State has offered to the measure this year.
There has been a drop in the volumes of skimmed milk powder (SMP) Member States are offering to the public intervention system.
