SMP stocks reduced by half

Published 12 November 18

Demand for SMP intervention stocks picked up again in the latest tender, with 30,068 tonnes accepted as sold. The minimum price set by the Commission also increased by €20/tonne to €1251/tonne; the highest threshold set this year.

 SMP stocks reduced by half

This latest tender brings total sales out of intervention to just under 200,000 tonnes, roughly half of the total SMP brought into public stock. Just under 180,000 tonnes remain in stocks.

Total volumes available for the next tender will be an estimated 130,431 tonnes, which represents any remaining stocks entered into storage prior to 1 August 2016.