According to a provisional calculation by the European Commission, based on Member States’ annual declarations, the levies for Member States exceeding their milk quotas total €277m (US$271.5mm) for the whole of the European Union (EU) for the period 2001/02.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Last year the total levy came to €292m. The overrun in the EU amounts to 450 000 tonnes.
For the period 2001/02, the total quota for deliveries to dairies was set at 117.72 million tonnes (divided into 590 000 individual quotas) for the whole of the European Union.
According to the declarations, nine Member States (Germany, Belgium, Denmark, Ireland, Italy, Luxembourg, the Netherlands, Austria and Finland) exceeded their quotas and together account for an overrun of 775 579 tonnes. Consequently the levy totals €276.3m.
Six Member States (Greece, Spain, France, Portugal, Sweden and the United Kingdom) have not used up their quotas. Consequently, those countries will not have to pay a levy. The under-utilisation of their quotas amounts to 325 232 tonnes. Producers in those Member States will also be exempted from a levy, because the national reference quantities have not been exceeded.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFor further information on this story, click here.
