Archive: EU Commission closes Private Storage Aid for cheese

Published 23 September 14

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As of 23 September, the Private Storage Aid (PSA) scheme for cheese has ended. In response to the Russian sanctions imposed at the start of August, the EU Commission opened PSA to provide storage for displaced butter and SMP, with the extension of the scheme to cover certain cheeses. Despite only coming into effect on 5 September, the Commission’s decision to close the scheme for cheese was due to it being ‘disproportionally used by producers in cheese from areas traditionally not exporting significant quantities to Russia’. EU dairy exports to Russia in 2013 were worth €2.3 billion, with €1.0bn from cheese. PSA will remain open for butter and SMP.