EU/UK Intervention Latest

UK growers and traders don't seem tremendously impressed with current intervention levels thus far, with less than 12,000 MT of barley so far accepted into the scheme as of Nov 26th, according to the RPA.

EU-wide it's a different matter with 1.8 MMT of cereals, mostly barley (1.6 MMT) being offered up. The Danes have offered the largest amount with 0.6 MMT, followed by the French at 0.3 MMT.

Only 0.2 MMT of wheat has so far been offered, mainly from Eastern European countries.