Sales of SMP from intervention double from last month

Published 21 May 18

At the latest tender for SMP intervention stocks on 15 May, volumes sold were more than double those at the previous tender. In total, tenders were received for 124,360 tonnes, exceeding available volumes. At the minimum price of €1,115/tonne set by the Commission, bids for 46,768 tonnes were eligible. However, due to lack of availability in some Member States, a total of 41,958 tonnes were sold.

In response to the increased demand for stocks, the Commission have released additional stocks for the next tender, bringing the total volumes available for the 19 June tender to 144,847 tonnes.