Hogan considers extension for storage aid market support

Published 27 January 16

EU Agriculture Commissioner Phil Hogan is considering extending the dairy private storage aid schemes (PSA) until September, according to Agra-Europe. Speaking to MEPs on 18 January, the Commissioner said the dairy markets were in a serious situation and he may extend PSA if he could “match the money to do that”. This suggests any potential extension will depend on whether the Commissioner can balance the books with the funds available.

PSA is currently due to close on 29 February 2016. It was opened for butter, SMP and cheese in September 2014 to help temporarily remove some product from the market following the Russian import ban. New enhanced schemes for SMP and cheese were added last autumn, after being agreed as part of the EU’s farmer aid package.

The new cheese scheme includes maximum allowances for each Member State, and the deadline to fill these (15 January) has now passed. Unused allowances are being reallocated to Member States that have informed the Commission they want to use the scheme further before it closes.