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The European Commission's most recent skim milk powder intervention tender sold about 31,500 tonnes, the second-highest volume this year. The Commission then added stock, bringing the volume for the 18 September tender to 154,797 tonnes.
Stronger intervention demand signals weak EU dairy prices, and the added stock for the next tender will weigh on dairy markets for feed buyers.
poandpo.comSep 4, 2018After 24 past bearish policy events, Milk (Class III) moved a median -0.1% over 5 sessions (33% higher; middle half -1.8% to +0.5%), and -4.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
