THE EUROPEAN Commission has launched a major intervention programme to settle the European Union's (EU) tumbling dairy product markets. Brussels has confirmed it would pay intervention prices for butter of Euro 221.75/100kg and Euro 169.80/100kg for skimmed milk powder. Speaking to the EU Council of Ministers, agriculture Commissioner Mariann Fischer Boel added that the Commission would not only buy 30,000 tonnes of butter and 109,000 tonnes of skimmed milk powder at intervention prices between March and August, it is prepared to ...

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