Reduced price expectations for intervention stocks?

Published 22 January 18

At the latest tender, the Commission sold 1,864 tonnes of SMP from intervention stocks at a minimum price of €1,190/tonne. This is the largest volume sold of the 16 tenders held to date, and is the first lot sold at prices below those for feed grade SMP. In previous tenders, the minimum price fixed by the Commission tended to be above typical feed grade SMP prices.

It will be interesting to see if this signals a change in the selling strategy of the Commission, prioritising the reduction of stocks over maintaining prices.

Intervention Pricing