Friday, March 29, 2024

Round-up: EU Commission extends PSA for butter and SMP

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The European Commission announced last Friday it will extend the Private Storage Aid (PSA) for butter and skimmed milk powder until September 30, 2016. The schemes have been in place since September 2014 following the Russian import ban and were due to close on February 29, 2016. The schemes have already been extended three times since its introduction. The announcement didn’t include any reference to the PSA scheme for cheese. The deadline to fill Member State allowances of cheese was January 15 and any unused allowances were to be redistributed to those Member States that had applied for the use of those allowances before the scheme closes. No product has been published since January 15. The Public Intervention scheme for SMP was officially closed on December 31, 2015 and a new one was immediately opened on January 1, 2016 in which the volumes were reset to 109,000t until the scheme is due to close on September 30, 2016.  
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Volumes of SMP flowing into storage slowed somewhat for the week ending January 24, data from the Milk Market Observatory shows. Just 69t was placed into PSA with a storage period of 210 days and 810t went into PSA with a storage period of a year compared to 1704t a week earlier.  The Netherlands entered the most SMP into both storage periods this week with 2448t.

SMP placed into Public Intervention was also reduced compared to a week earlier with 4918t versus 5509t. Belgium was well ahead of any other Member State entering 2265t. France, Ireland and Poland entered relatively substantial volumes of product with 725t, 631t, and 629t respectively. Czech Republic, Germany, Lithuania and the Netherlands offered smaller volumes for the week.

Butter offerings into PSA for the week were also back on a week earlier with 2611t versus 3299t. The Netherlands offered more than half of the volume with 1398t. Germany offered 816t and France offered 355t.

Download the MMO report here

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