European Commission experts concerned about the uncertain future of olive oil

Published 2023년 7월 27일

Tridge summary

The olive oil market is facing a difficult campaign and an uncertain future, according to experts from the European Commission. European olive oil production has decreased by 39% compared to the previous year, with Spain and Italy experiencing significant drops in production. The low availability of olive oil has led to increased prices and decreased consumption, affecting exports to non-EU countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- Difficult campaign and future marked by uncertainty. This is the analysis on the olive oil market, presented in Brussels by the Civil Dialogue Group, the group of experts of the Directorate of Agriculture of the European Commission. These data testify to the complex moment of the sector throughout Europe, as ASSITOL, the Italian Association of the Olive Oil Industry, attached to Federalimentare and Confindustria, has repeatedly stressed. "The data from the Civil Dialogue Group certify the cry of alarm that we have launched on several occasions during this complicated olive oil campaign," says Andrea Carrassi, general director of the association. Some critical issues will continue to be present and will affect the entire supply chain, called upon to face a delicate scenario”. According to the conclusions of the experts in Brussels, all world production in the 2022-23 campaign registered a decrease of 26% compared to the previous one, with a total of 2,505,000 tons of ...
Source: OliMerca

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