EU-28: EU Rescinds SMP Intervention Provisions Preventing Further Build-up

  |   Attaché Report (GAIN)

Contact:

U.S. Mission to the European Union   |   (011-32-2) 811-4247

High EU skimmed milk powder (SMP) intervention stocks have been hanging over the EU dairy market for all 2017, without the EU being able to sell any of it. On the contrary, in the last weeks of the 2017 intervention scheme more than 30,000 MT of SMP was bought, increasing EU SMP stocks to 380,000 MT at the end of October, of which 3,800 MT under the 2017 private storage scheme. Given that EU SMP prices are now well below the reference price for intervention, the EU has proactively decided to rescind the yearly 109,000 MT intervention scheme for 2018 agreed in the 2013 CAP agreement and only allow SMP intervention buying under periodic tenders. 

EU-28: EU Rescinds SMP Intervention Provisions Preventing Further Build-up

Europe and Eurasia, European Union

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.