The European Commission has formally adopted measures providing Aid for Private Storage measures for the EU pigmeat sector. Under this standard market support measure, the Commission pays for part of the costs of storing pigmeat for 3-5 months.
The sector has been under pressure since the Russian ban on pigmeat imports from the whole EU in February 2014 linked to an outbreak of African swine fever in East Poland and the Baltic Republics. Although traders have managed to find alternative markets for most products and animal feed costs have been lower than usual, the lengthy squeeze on margins is being felt, with many producers having previously made substantial investments in order to meet new EU animal welfare rules.
Having been discussed and voted on by Member State experts in the Common Market Organisations (CMO) Committee on 24 February, the measure was published in the Official Journal on friday and enters into force today Monday 9 March.
Friday March 6, 2015/ EC/ European Union.