Intervention Sales
Posted on: 20/07/18
The EU sold only 2,400 tonnes of its June 2016 SMP stocks this week at prices ranging from €1125 tonne to €1200 tonne (£1,004 to £1,071).
This is a disappointing result both in terms of tonnage sold and the price achieved compared to the tender result achieved only a month earlier when 23,532 tonnes sold (10 x this months) for between €1195 to €1400 (£1,067 to £1,250)
The Commission now look unlikely to achieve their goal of clearing all remaining Intervention SMP stocks by the end of 2018. Note, for the October & November tenders there will be two tenders each month.