The European Commission will announce next Wednesday that maize intervention should be abolished as from 1 July 2007.
The proposal to end the buying of maize into intervention was blocked last Thursday, 30 November; however, it is expected to be agreed by the Commission College next week. The national farm ministers will have to sign the proposal off before it becomes law.
This move began when the Commission agreed to tighten the rules for buying maize into intervention in September. This was a bid to tackle the huge expansion of the stocks since the enlargement of the EU in 2004.
Commission figures show there are 5.1 tonnes of maize in intervention stores at present.