March 16, 2007

EU grain intervention resale tender: 133,722 tonnes granted

A total of 133,722 tonnes of grain was granted at Thursday's (Mar 15) European Union intervention resale tender, EU figures showed.

This comprised 40,352 tonnes of soft wheat, 5,922 tonnes of barley, 78,063 tonnes of corn and 9,385 tonnes of rye.

This season, the EU grain management committee opened tenders to sell intervention grain back on the internal market due to tight domestic supplies.

The grain isn't allowed to be granted below domestic or intervention prices.