AreaEuropean Union

Commodity GroupMeat

CommodityAll

Date20/04/2020

Policy CategoryStocks

Policy InstrumentGovernment support

DescriptionAnnounced a plan to open Private Storage Aid (PSA) for bovine meat and lamb to help curb the impacts of COVID-19. For bovine meat, eligibility is restricted to products under code 02012050 (separated hindquarters: the rear part of the half-carcass, comprising all the bones and the thigh and sirloin, including the fillet but with or without the shank and thin flank). The PSA offers the option to store the meat for 90, 120 or 150 days. Under the proposal, applicants would receive EUR 1 008 (around USD 1 098) per tonne if storing the meat for 90 days, EUR 1 033 (around USD 1 125) per tonne for 120 days and EUR 1 058 (USD around 1 153) per tonne for 150 days.