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Demand reignited in SMP intervention stocks sales
Published 3 September 18
Demand for SMP intervention stocks picked up significantly in the most recent tender, with just under 31,500 tonnes sold, the second highest volume sold this year. This comes after the previous July tender only translated into 2,400 tonnes of sales.
The minimum price set by the Commission was €1,230/tonne, the highest threshold set since December 2016. Prices offered for the stock varied between €905-€1,401/tonne.
In response to the pick-up in demand, the Commission have released additional stock for the next tender, bringing the total volumes available for the 18 September tender to 154,797 tonnes.
