PSA butter clearance jumps in September

Wednesday, 21 October 2020

By Kat Jack

Just over 10k tonnes of butter was removed from the EU Private Storage Aid (PSA) scheme September, up from the 2k tonnes removed in August. Around 66k tonnes of butter was entered under the scheme earlier this year, of which 53.5k tonnes remained in storage as of September.

The uplift seen in butter removals may in part be due to the regulations on PSA that state that butter must be stored for a minimum of 90 days to qualify. Butter entered into storage in June could not have been removed before September. However, market dynamics likely also played a part. The EU wholesale butter price rose in September as high cream values reduced churning, which could have increased demand for stored product.

The removals mainly came from The Netherlands and Ireland, who also put the highest volumes into store. The UK has a much smaller part of the butter PSA; 45 of its 1,695 tonnes of PSA butter were removed in September.

The other dairy PSA products were removed at a comparatively stable pace. A little under 6k tonnes of cheese left the scheme in September, in line with August figures. Meanwhile just under 1k tonnes of SMP were removed, which sits between the July and August volumes.


Image of staff member Katherine Jack

Katherine Jack

Environment Senior Analyst

See full bio


Sign up to receive the latest information from AHDB.

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.

All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk  © Agriculture and Horticulture Development Board. All rights reserved. 

×