A total of 26,082t of skimmed milk powder (SMP) has been sold from European intervention stocks for €1,313/t in the latest tender this week.
This represents a decrease in volume sold but a substantial increase in price in comparison to two weeks ago.
In the last tender held on 8 November, over 30,000t was sold for a price of €1,251/t.
Total volume
The total volume of intervention SMP sold is now at the 230,000t mark.
There is one further tender remaining this year, which will be held on 11 December.