The European Commission has said that certain member states are facing fines totalling over EUR340m (US$560.53m) for exceeding their milk quotas during fiscal 2007-8.
Seven Member States – Austria, Cyprus, Ireland, Italy, Germany, Luxembourg and the Netherlands – exceeded their delivery quotas.
During the year, the total quota for milk deliveries to dairies was 139.6m tonnes. There was also a separate quota of 3.4m tonnes for direct sales to consumers.
The total levy to be paid is 53% higher last year because adjusted deliveries increased more in some countries than the respective national quotas. This was most notable in Cyprus, Germany and the Netherlands, the Commission said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData