Details of the accepted offers for the remaining volumes available under the second wave of the so-called EU Milk Production Reduction Scheme have been fixed by the European Commission today.
As the level of applications for reducing milk production in the 3 month period starting on November 1 - covering roughly 97 880 tonnes from some 6 000 milk producers around the EU - exceeded the available volume for this second wave of offers (12 198 tonnes), the Commission has applied an allocation coefficient of 0.12462762. This means that a producer who offered to reduce production by 100 tonnes, will in fact only be supported for a reduction 12.463 tonnes.
The scheme requires the individual producers to show a reduction in production in the period from the start of November to the end of January 2017 relative to the same period twelve months earlier. This second wave followed the strong take up of the scheme in the first wave. The EU Milk Production Reduction Scheme was announced by Commissioner Hogan at the July Agriculture Council as part of a €500 million aid package for the dairy sector, which included an emergency support package worth €350 million with designated envelopes for each Member State, and a number of market measures.
For total allocations of the volumes from both waves, see here.