French grain office ONIC said on Monday it had received fresh intervention offers for 53,700 tonnes of grain, comprising 42,800 tonnes of barley and 10,900 tonnes of wheat. ONIC now has a total of 102,800 tonnes of grain in store, comprising 79,000 tonnes of barley, 15,300 tonnes of wheat and 8,500 tonnes of maize, it said on its website.
The European Union's publicly-funded intervention stores open between November 1 and the end of May and providing quality standards are met, farmers can sell their grain for a guaranteed price of 101.31 euros a tonne, plus a 0.46 euro monthly bonus.
Traders expect hefty offers into intervention this season after big harvests across bloc and elsewhere, leading to strong competition on export markets.