Regulation (EU) 2018/1554 amending Regulation (EU) No 1370/2013 as regards the quantitative limitation for buying-in skimmed milk powder

Summary:

On 16 July 2018 the European Commission presented a proposal for a Council Regulation amending Regulation (EU) No 1370/2013 as regards the quantitative limitation for buying-in skimmed milk powder.

The Council of the European Union adopted the new Regulation on 15 October 2018.

Further information:

Regulation (EU) No 1370/2013 determining measures on fixing certain aids and refunds related to the common organisation of the markets in agricultural products sets a ceiling under which skimmed milk powder has to be bought in at fixed price during the public intervention period (1 March to 30 September). Once that ceiling is reached, public intervention continues but under a tendering procedure until the end of the intervention period.

That ceiling was set at zero in 2018 to avoid public intervention for skimmed milk powder at fixed price taking place with no market justification (e.g. while both butter prices and farm gate milk prices were at reasonably high levels), in the light of the long standing disconnection between dairy fat and protein prices.

As market conditions had not substantially changed and the experience gained in 2018 proved the correctness of the approach, the Commission proposed to repeat the initiative and set the ceiling to zero in 2019.

• Primary Source

EUR-Lex: COM(2018)533: Proposal for a Regulation amending Regulation (EU) No 1370/2013 as regards the quantitative limitation for buying-in skimmed milk powder https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:533:FIN

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