Brussels, Belgium
September 28, 2006The
Cereals Management Committee yesterday voted on a European
Commission proposal to change the rules for the eligibility of
maize for intervention.
Since EU enlargement, the maize
market has become unbalanced and intervention stocks are piling
up (5.1 million tonnes at the moment).
Maize grains tend to degrade
more rapidly when stored than other grains. To make sure that
maize offered to intervention is suitable for long-term public
storage, an adjustment of the current quality criteria for maize
buying-in is required.
Therefore the Commission
proposed to upgrade some of the quality standards for
intervention: the maximum moisture content as well as the
maximum percentage of broken grains and grains overheated during
drying will be reduced and a specific maximum weight will be
introduced.
The proposal still has to be
formally adopted by the Commission. The revised criteria will
apply from the opening of intervention in November. |