|
|
|
| Definition: |
|
A form of administered price; the price at which national intervention agencies are obliged to purchase any amount of a commodity offered to them regardless of the level of market price (assuming that the commodities meet designated specifications and quality standards). Thus, the intervention price serves as a floor for market prices.
|
| Context: |
|
In the EU, intervention purchases constitute one of the principal policy mechanisms regulating the markets in cereals, butter and skimmed milk powder, and beef. The Council of Ministers sets intervention prices every year on the basis of proposals by the Commission.
|
| Source
Publication: |
|
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.
|
| Statistical
Theme: Agriculture and fisheries statistics - Agricultural policy indicators |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Saturday, March 16, 2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
