Italy reduces its olive oil inventories by 11.7% in June

Published 2024년 7월 21일

Tridge summary

As of June 30, 2024, Italy's olive oil stocks stand at 179,416 tons, marking an 11.7% decrease from May 31 and a 23.0% drop from the previous year. Extra virgin olive oil (EVOO) makes up 72.7% of these stocks, with 63.4% being of Italian origin. Most of the national stocks are concentrated in southern regions like Apulia and Calabria. Organic EVOO and virgin olive oil stocks amount to 25,765 tons, predominantly found in Apulia, Tuscany, Calabria, and Sicily. The overall decline in stocks is due to reductions across all oil categories, particularly EVOO of community origin, despite a slight rise in Italian-origin EVOO.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the data provided by the report prepared by the ICQRF (Ispettorato centrale della tutela della qualità e della repressione frodi dei prodotti agroalimentari) dependent on the Ministero dell'agricoltura, della sovranità Alimentare e delle foreste, based on the data recorded in the computerized records of olive oil (RTO), which as of June 30, 2024 reveals a deep insight into olive oil stocks in Italy, totaling 21,397 records. Olive oil stocks in Italy stand at around 179,416 tons, a reduction of 11.7% compared to the 203,186 tons available on May 31. Oil stocks are lower (-23.0%) than those of the same period last year. Of these stocks, of which 72.7% represented extra virgin olive oil (EVOO). Within EVOO, 63.4% is of Italian origin (82,674 tons), the product of Community origin represents 27.1%. Production areas 53.2% of the national olive oil stocks are located in the southern regions of Italy, with the significant contribution of the regions of Apulia and Calabria ...

Source: Oleorevista