The satisfied look of cows in the Azores is no great surprise as they receive one of the biggest cattle subsidies in the EU, although still not enough for Portugal who voted against the last CAP reform on the issue of the fate of dairy cows in the Atlantic islands. After 39 years of a butter mountain under the CAP, it has finally melted away. When the Soviet Union still existed, stocks of ‘ageing’ butter used to be sold off to its consumers who were glad to get any butter at all.
The last remaining stocks (in the Czech Republic, Finland and Spain) have been sold off. High market prices have led the Commission to close intervention in Spain, so it only remains open in Portugal.
Stocks reached a peak in 1986 when stocks totalled no less than 1.283 million tonnes, but the imposition of milk quotas helped to curb the build up.… Read the rest
