Provisional SMP tender results

Published 5 October 18

Provisional results on the latest tender for intervention stocks, the first of the bi-weekly tenders, show sales of 2,499 tonnes. In total, 37 bids were received for 36,812 tonnes. The minimum selling price was set at €1,230/tonne, equal to the prices at the previous two tenders. This brings total sales out of intervention to approximately 143,500 tonnes. UK stocks remained unchanged at around 7,000 tonnes.