Spain's largest olive oil producer accuses companies in the sector of fraud

Published 2024년 11월 29일

Tridge summary

The president of a Spanish olive oil cooperative, Antonio Luque, has called for an investigation into fraud in the olive oil sector, claiming it is being used to lower prices. He also criticized the current quality of inspections and urged the prosecutor's office to look into all Spanish companies in the sector. The appeal comes amid concerns about a significant drop in olive oil sales in the first half of 2024 due to longer drought periods and smaller olive harvests, according to Anierac, the association of olive oil producers and refiners. Spain, the world's leading olives producer and the main olive oil exporter to the USA, is currently worried about the potential impact of tariffs on EU products, including olive oil, following the election of Donald Trump.

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Original content

Although the head of the cooperative, Antonio Luque, quoted by the "ABC" daily, did not mention the names of specific companies, he stated that the fraud aimed at reducing the price of olive oil is an open secret. The president of Dcoop called on the prosecutor's office to investigate all Spanish companies in the sector and improve the quality of inspections, which he believes are insufficient. According to data published in August by the association of olive oil producers and refiners Anierac, its sales dropped significantly in the first half of 2024. The reason was longer periods of drought in the last two years, and therefore smaller olive harvests and an increase in the price of olive oil. Spain is the largest producer of olives in the world. The ...

Source: Farmer.pl