EUROPEAN COMMISSION DAILY NEWS – 06 MARCH

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EUROPEAN COMMISSION DAILY NEWS - 06 MARCH
06 Mar 2015

EUROPEAN COMMISSION DAILY NEWS – 06 MARCH

Brussels Daily

Agriculture: Commission opens Private Storage Aid for pigmeat 

The European Commission has formally adopted measures providing Aid for Private Storage measures for the EU pigmeat sector. Under this standard market support measure, the Commission pays for part of the costs of storing pigmeat for 3-5 months. Past experience has shown that this move to temporarily reduce supply on the EU market eases market pressure and thus tends to help prices pick up. The sector has been under pressure since the Russian ban on pigmeat imports from the whole EU in February 2014 linked to an outbreak of African swine fever in East Poland and the Baltic Republics. Although traders have managed to find alternative markets for most products and animal feed costs have been lower than usual, the lengthy squeeze on margins is being felt, with many producers having previously made substantial investments in order to meet new EU animal welfare rules. Having been discussed and voted on by Member State experts in the Common Market Organisations (CMO) Committee on 24 February, the measure is published in the Official Journal today and enters into force on Monday 9 March.

EUROSTAT: Second estimate for the fourth quarter of 2014; GDP up by 0.3% in the euro area and by 0.4% in the EU28; +0.9% and +1.3% respectively compared with the fourth quarter of 2013

Seasonally adjusted GDP rose by 0.3% in the euro area (EA18) and by 0.4% in the EU28 during the fourth quarter of 2014, compared with the previous quarter, according to a second estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, GDP grew by 0.2% in the euro area and by 0.3% in the EU28. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.3% in the EU28 in the fourth quarter of 2014, after +0.8% and +1.2% respectively in the previous quarter. During the fourth quarter of 2014, GDP in the United States increased by 0.5% compared with the previous quarter (after +1.2% in the third quarter of 2014). Compared with the same quarter of the previous year, GDP grew by 2.4% (after +2.7% in the previous quarter). Over the whole year 2014, GDP rose by 0.9% in the euro area and by 1.3% in the EU28, compared to -0.5% and 0.0% in 2013. In the United States, GDP grew by 2.4% in 2014 and by 2.2% in 2013. Read EUROSTAT press release.

Read full version : Daily News 06-03- 2015

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