The extent of the intervention planned by the European Commission to stabilise the EU’s tumbling dairy markets has been clarified today (22 January).
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An official told just-food that the Commission would pay intervention prices for butter of EUR221.75/100kg (US$287.3) and EUR169.80/100kg for skimmed milk powder.
Speaking at Monday’s EU agriculture council, food commissioner Mariann Fischer Boel said Brussels would buy more than the original ceilings of 30,000 tonnes for butter and 109,000 tonnes for skimmed milk powder announced last week.
She explained: “Proactive management of our classical support schemes will go a long way to stabilise the dairy market.”
Meanwhile, the Commission today started accepting tenders for export refunds for skimmed milk powder – bids were accepted for 5,612 tonnes at a maximum refund of EUR200/ tonne; for butter – 2,299 tonnes at up to EUR500/tonne; and butteroil – 80 tonnes at up to EUR580/tonne. Other regular tenders will be issued fortnightly.
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By GlobalData
