15% hike in export subsidies
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- 30 May 2002
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Last week the EU Commission raised export subsidies for cheese to all markets (except the US) by 15%.
"All in all we’ll not gain much from the move because the higher subsidies have already been offset by falling prices," said Finn S. Hansen, Divisional Director, the Overseas Division. "Hopefully, however, the increase will prevent further price falls.
Subsidies for dairy products exported from the EU are determined by the EU Commission on the basis of prevailing world market prices.
As current market conditions are characterised by strong competition and low prices, the increase for cheese has been expected for some time. An expected increase in subsidies for butter, where competition is even harder than in cheese markets, however, did not materialise.
Arla Foods is an international dairy company owned by 9,700 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. Arla Foods is one of the leading players in the international dairy arena with well-known brands like Arla®, Lurpak®, Puck® and Castello®. Arla Foods is focused on providing good dairy nourishment from sustainable farming and operations and is also the world's largest manufacturer of organic dairy products.