EU - The European Commission further increased the public intervention ceiling for skimmed milk powder from 218,000 tonnes to 350,000 tonnes.
The original ceiling of 109,000 tonnes had already been doubled in April but due to its quick uptake, the European Commission had announced early on its intention to further increase it to support EU dairy farmers facing difficulties with the agricultural markets.
The dairy market trends monitored by the Milk Market Observatory show that there is still a need to rebalance supply and demand.
At the Council of Agriculture Ministers taking place on Monday 27 June in Luxembourg, Commissioner Hogan declared that "the Commission is working on a support package for the dairy sector, with financial resources if necessary" and that "any new package will, in addition to addressing stabilisation and reduction of production, also have to be equitable in its treatment of dairy farmers throughout the Union."
The increase formally enters into force today resulting in the closing of the tendering system under which intervention buying-in of skimmed milk powder was happening. The fixed intervention price system therefore resumes.
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