Area
European Union
Commodity Group
Milk and dairy products
Commodity
Dairy products
Date
20/03/2020
Policy Category
Trade
Policy Instrument
State market intervention
Description
Opened its public intervention scheme for butter and non-fat dried milk (NFDM) from March 1 to September 30, 2020. In this public intervention programme, the European Commission would procure butter at EUR 2 217.50 (around USD 2 400)/metric tonnes (MT) and NFDM at EUR 1 698 (around USD 1 850 USD)/MT. The programme established limits of 50 000 MT for butter and 109 000 MT for NFDM. Beyond those limits, any additional procurements can take place under a tendering process.
