Press Release: Private Storage Aid for cheese halted

The European Commission stopped on the 23 September 2014 the measure for Private Storage Aid (PSA) for cheese following a disproportionate surge in interest for this measure from cheese producers in certain regions not traditionally exporting significant quantities to Russia. This move was a precautionary step to avoid the possibility of reaching the maximum volume of 155 000 tonnes so soon after the measure was opened on September 5 2014. Notifications for PSA volumes of Skimmed Milk Powder (SMP) and butter were much in line with expectations and the measures remain open for these products.

ESO: Background information: European Commission announces emergency market support measures for the milk sector http://www.europeansources.info/record/press-release-european-commission-announces-emergency-market-support-measures-for-the-milk-sector/

---