AreaEuropean Union

Commodity GroupMilk and dairy products

CommodityDairy products

Date20/04/2020

Policy CategoryStocks

Policy InstrumentGovernment support

DescriptionAnnounced a plan to offer Private Storage Aid (PSA) for butter and skimmed milk powder to help curb the impacts of COVID-19. The PSA provisions offer traders incentives to hold products off the market for a period of between 90 and 180 days, to ease market surpluses for dairy commodities.