Spain: Farmers in Extremadura consider the low prices of olives to be unjustified

Published 2024년 11월 14일

Tridge summary

The Community of Farmers and Cattle Farmers of Almendralejo (CLYGAL) is calling attention to the low prices paid to milled olive producers in Tierra de Barros, stating it as unjustified and claiming that these prices fail to cover production and harvest costs. They are urging the AICA to regulate buyers to prevent losses and are concerned about the potential rise in prices once olives are processed. This comes amidst expectations of low production in Greece, Italy, and Morocco, while Turkey's harvest is anticipated to be average at best. The olive oil campaign is set to end with a low connecting stock of about 175,000 tons, raising concerns about the supply of olive oil in the European and world markets.

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Original content

The Community of Farmers and Cattle Farmers of Almendralejo (CLYGAL) considers that the low price being paid to producers of milled olives in Tierra de Barros is totally “unjustified”, among other reasons, because the Government's forecasts for Spain are 1.26 million tons, falling far short of the best campaigns recorded in the last decade. The Community of Farmers maintains that these prices do not even cover the production costs of the farmers, to which must be added the high costs of the harvest, and asks the AICA (Food Information and Control Agency) to monitor and control the buyers to prevent sales at a loss. In addition, it argues that this year the beginning of the harvest has been reached, on October 1, with the oil mills practically empty, since the 2023-2024 olive oil campaign will close with a connecting stock of about 175,000 tons, one of the lowest of the present century. It also happens that Greece, Italy and Morocco will have lower productions than last season, and ...

Source: Agroclm