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European Commission to End Pig Meat Private Storage

01 May 2015

EU - EU countries have backed a European Commission move to close Private Storage Aid for pig meat.

Since the measure was introduced, on 9 March, EU pig meat market prices have stabilised and the weekly uptake by operators has now dropped to modest volumes.

In these circumstances the European Commission said that it is no longer justified to maintain the market intervention and a proposal to close the scheme was voted on by Member State experts in the CMO Committee.

In the past seven weeks, 65,000 tonnes of pig meat have been temporarily taken off the market (for three to five months) in 18 different EU countries.

The greatest take-up came in Denmark, Spain and Germany – with smaller volumes also having been stored in Poland, Italy, Netherlands, France and Belgium. The majority of the cuts covered were boneless cuts (63 per cent).

For more details of volumes, see http://ec.europa.eu/agriculture/pigmeat/private-storage/psa-requests_en.pdf

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