Lower levy fines for overshoot
MILK producers face a lower total super-levy bill for over-production last milk year than was initially feared.
The Intervention Board has provisionally fixed the fine at £13.6m in respect of 50m litres above quota, equivalent to 27.24p/litre.
Previously the IB had estimated the levy at £16.5m for a 60m litre overshoot. But that was before it had information on the amount of direct sales quota that was temporarily transferred into wholesale.
The IB has also confirmed a direct sellers levy of £1.1m in respect of 4m litres over-production – equivalent to 8.21p/litre.
All fines must be paid by Aug 29, otherwise interest will be charged on outstanding dues. (Last year, super-levy came to £44m for wholesale supplies and £5m for direct sellers.)n