The European Commission has been given authority to provide further aid for European dairy producers – this time putting butter into private storage until February 2010.
Go deeper with GlobalData
Brussels had approval to help producers in this way until 15 August, but a committee of EU member states yesterday (7 July) approved extending this support.
There is currently 110,000 tonnes of butter in EU-supported storage – additional storage will be tendered.
A Commission official told just-food the extension of support was “a balancing act” putting the need to “support the dairy market” in Europe against other issues. For instance, the officials said: “We don’t want to undermine world markets.”
This follows the Commission’s earlier request this week to extend EU dairy intervention – where Brussels buys butter and skimmed milk powder. With storage – ownership stays with the producer.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
