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Record sales of intervention SMP
Published 19 December 18
Record volumes (60,537 tonnes) of SMP intervention stocks were accepted as sold in the most recent tender on 11 December, bringing total sales out of intervention to just over 277,000 tonnes. In addition to this, there was a huge rise in the minimum price set by the Commission; up €138/tonne on the previous tender, to €1451/tonne. This is the fourth consecutive price rise and the highest threshold set this year.
The greatest quantities sold were from France, at 21,867 tonnes. For the first time since 2016 there was a sale of some (200 tonnes) of UK stocks. Following this most recent sale, remaining stocks in Germany, the Netherlands and Czech Republic have been completely cleared out.
Total volumes available for the next tender on 8 January will be 102,590 tonnes, which includes all stocks entered into storage up to 1 January 2018; which is essentially all the product that is in storage.
