EU Commission extends storage aid for butter and SMP

Published 29 January 16

The EU Commission is to extend private storage aid (PSA) for butter and SMP until 30 September 2016, following Member States’ approval of its proposal. The announcement comes after agriculture Commissioner Phil Hogan suggested he would extend the scheme if financially possible.

The PSA schemes for butter, SMP and cheese were due to close on 29 February 2016. However, the Commission’s press release makes no mention of any extension to PSA for cheese.