Albeit early days in the process, the EU Commission has so far struggled to find serious bidders for the 22,000t of skimmed milk powder (SMP) that it has offered for sale by tender. It must be remembered that this volume represents just 6% of the total amount (354,000t) of SMP the EU currently has sitting in intervention.
Netherlands milk price:
Weekly spot raw milk price 4.4% fat ex-factory excluding taxes (c/l)
Source: FarmersJournall
Link: http://www.farmersjournal.ie/dairy-trends-eu-commission-struggling-to-find-serious-bids-for-smp-overhang-247939
