Price pressure sees SMP intervention stocks increase

Published 4 August 15

The continued decline in average SMP prices has resulted in some countries offering product into intervention. For the week ending 26 July, EU intervention stocks of SMP were reported at 1,176 tonnes, following intervention purchases in Lithuania, Poland and Belgium. Lithuania accounted for around half of the stock to date and it is expected the country will offer 500 tonnes each week until the end of August. With prices remaining under pressure and the recent announcement to extend the intervention period until the end of 2015, it is likely the scheme will see an increase in uptake from other countries in the weeks ahead.