EUROPEAN COMMISSION DAILY NEWS – 09 NOVEMBER

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EUROPEAN COMMISSION DAILY NEWS - 09 NOVEMBER
09 Nov 2018

EUROPEAN COMMISSION DAILY NEWS – 09 NOVEMBER

Brussels Daily

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Dairy market: skimmed milk powder stocks reduced by half

Half of the skimmed milk powder bought into public stock since 2015 (190,000 out of 380,000 tonnes) has been put back into the market without jeopardising its functioning and the recovery of the sector. The latest tender sale of 30,000 tonnes took place on 8 November. The latest EU price report for the dairy market published by the Milk Market Observatory this week shows improvements in prices both for milk and skimmed milk powder, reflecting the careful handling of the stocks by the Commission. Agriculture and rural development Commissioner Phil Hogan said: “The benefit of our cautious approach is paying off. Market balance is always our priority. It is encouraging to see an improvement in farm gate milk prices again, helped by the measures the Commission has put in place. There is, however, no place for complacency and prudential production decisions must continue to be made by reference to the realities of market conditions.”  More information here

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