EU

EU private storage aid scheme for beef and lamb expected this month

Safety & Legislation

Under the scheme, products would temporarily be withdrawn from the market place, with the aid supporting storage costs.

Posted on Apr 24 ,09:58

EU private storage aid scheme for beef and lamb expected this month

Beef and lamb industries inside the EU may receive help from a private storage aid (PSA) scheme that could be in place for three to five months. Under the scheme, products would temporarily be withdrawn from the market place, with the aid supporting storage costs. This would be in addition to other measures previously announced. No similar scheme has been proposed for pig meat as exports to Asia are running high and demand in Eastern European states such as Poland, Bulgaria and Romania hasn't been disrupted by the coronavirus crisis.
Under the scheme, €25 million (or 25,000 tonnes) would be available for beef and veal. Industry reports suggest most of the beef storage would be directed towards storing steak. Steak sales in Europe are struggling, causing carcass balance issues due to increased demand for cheaper products such as minced meat. A further €20 million, (or 36,000 tonnes) would be available as part of a similar scheme for sheep.
For now, it is not yet clear how much support any particular country could receive but the volume of PSA available is relatively small compared to production figures in the bloc. The beef PSA volume would represent just under 4% of a single month’s production in the EU, and the sheep meat PSA would represent just under 60%. The EU plans to agree to the scheme by the end of April.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SWITZERLAND

DNA origin check has achieved its goals and is discontinued by Proviande

Due to the excellent consistency of the results with the declaration listed on the meat products,...


Read more Read more
USA

US: Swine industry addressing H5N1 risk with ongoing collaborative effort

In spring 2024, H5N1, a highly pathogenic avian influenza (HPAI), was diagnosed in Texas dairy he...


Read more Read more
USA

NCC shares USDA’s goals to further reduce foodborne illness

“President Trump is committed to ensuring American consumers have the safest, most abundant...


Read more Read more
Websolutions by Angular Software and SpiderClass