(21 April 2020) – All EU-27 farm ministers called for activating the private storage aid (PSA) to support those agri-food sectors hardly hit by the COVID-19 crisis.
The ministers pushed for implementing the measures under the Common Market Organisation (CMO) regulation, which constitutes the safety-net for farmers in case of market crises, countering, for instance, collapsing prices.
The ‘toolbox’ of these measures includes public intervention, PSA, withdrawals, as well as other exceptional market initiatives available under the CAP.
In particular, they prompted the Commission to allow PSA, a traditional form of public EU intervention that aims to rebalance a disrupted market by reducing a short-term oversupply. (EurActiv)