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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.

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.

Cross References:
Intervention purchase

Statistical Theme: Agriculture and fisheries statistics - Agricultural policy indicators

Created on Tuesday, September 25, 2001

Last updated on Saturday, March 16, 2002