SMP sales slow in September

Published 26 September 18

The latest tender of SMP stocks from intervention resulted in only a relatively small volume of successful tenders, despite good interest.  The minimum price at €1,230/tonne, equal to that set last month, resulted in tenders totalling 8,983 tonnes of powder to be accepted. This represented only 17% of the submitted tenders (52,325 tonnes), which may be due to where the price level was set.

To date, tenders for a total of just over 141k tonnes of SMP have been successful, leaving roughly 237k tonnes remaining in intervention stores.  The majority of sales have occurred from stocks held in only five Member States – Belgium, Germany, Poland, the Netherlands, and Lithuania. France and Ireland, both of whom placed large quantities of SMP into intervention, have yet to make any inroads into stocks.

Intervention Stocks By MS