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Action taken to intervene in markets, for example to support prices, in the EU or within similar trading groups throughout the world. In the EU it occurs in relation to the Common Agricultural Policy. The European Commission buys surplus produce at an agreed intervention price; the produce may be stored until prices alter. This practice formerly led to butter or meat “mountains”, but goods held in intervention in this way have now largely been dissipated.

Subjects: Economics — Law.

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