SMP intervention holds fixed price despite tendering

Published 27 June 16

SMP offered into intervention at the latest round of tendering has been accepted at the fixed intervention price of €1,698/tonne. Just over 15k tonnes were bought in for the period ending 21 June, which is less than half the volume of the previous tender.

The proposal to further increase the volume of SMP that can be bought at the fixed price to 350k tonnes has been endorsed by the European Commission. However, the regulation still needs to be formally adopted by the Council before it can enter into force. In the meantime, the closing date for the next tender is 5 July. 

Update 29 June 2016: The volume limit for SMP to enter intervention at the fixed price has been officially raised to 350k tonnes, effective from 30 June 2016. Click here for to read more.