Germans Offer 780,000 MT Barley Into Intervention

German farmers have offered 780,000 MT of barley into the EU Intervention scheme since it opened on November 1st, according to German agricultural agency BLE.

The Germans obviously fancy around EUR102/tonne a lot more than their UK counterparts, who have only put up around 13,000 MT of barley for intervention so far - and the vast majority of that has been in Scotland including a storage contract.

The Germans alone are expected to put around 1.5 MMT into intervention this season, the problem with that of course is that it's got to come back onto the market at some point.

Ditto everything else being offered up by the French, the Danes, the Eastern Europeans and Uncle Tomaz Cobblski.