EU Intervention Stocks

Published 10 March 14

Market prices remain above intervention prices so there is still no product being sold into intervention. Excluding butter allocated to the 'deprived persons' scheme, there are virtually no butter stocks.

Private Storage Aid (PSA) applications for 2013 closed on 15 August 2013. The closing quantity of butter offered into private storage was 89,389 tonnes, 32.9% (43,917 tonnes) less than 2012 and 15.4% less than 2011.

Between 23 January 2014 and 20 February 2014, 4,352 tonnes of butter were removed from PSA. This reduced EU butter stocks to 3,551 tonnes, just ahead of the closing date for removals in the 2013/14 season. The UK removed 683 tonnes from storage during the same period, leaving 167 tonnes in UK stocks.

As of 2014, private storage aid has become optional and will only be used in crisis situations. The final monthly update for PSA will be March 2014.

Management Committee dates

EU Butter Intervention

EU Butter PSA

EU SMP Intervention

UK Butter Intervention

UK Butter PSA

UK SMP Intervention

21-Feb-13

-

8,353

-

-

-

-

21-Mar-13

-

11,712

-

-

-

-

18-Apr-13

-

24,256

-

-

-

-

23-May-13

-

42,309

-

-

499

-

20-Jun-13

-

58,548

-

-

1,026

-

18-Jul-13

-

73,240

-

-

1,534

-

 29-Aug-13

 -

83,174

 -

 -

2,413 

 -

 19-Sep-13

75,640

 -

2,221 

 -

17-Oct-13

 -

56,728 

 -

2,053 

 -

21-Nov-13 

41,658 

-

1,879 

 -

12-Dec-13

-

19,918

-

-

1,400

-

23-Jan-14

-

7,903

-

-

850

-

20-Feb-14 

 3,551

 -

 167

Figures reflect actual stocks rather than offers to Intervention or to PSA.

 Intervention Stocks