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.
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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.
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By GlobalData
