Intervention in use as SMP prices fall

Published 13 April 17

SMP has been offered into intervention for the first time this year, with 1,201 tonnes put forward to date. Both Poland and Lithuania offered around 470 tonnes each, with the remainder coming from Germany.

EU SMP prices have been dropping since the beginning of the year, with the average price sitting at €1,790/tonne for the week ending 9 April. This is still €92/tonne above the intervention price but, with production rising towards its seasonal peak, some sellers have clearly seen intervention as their better option.