New extension of standards for the Spanish olive oil sector approved

Published Aug 12, 2024

Tridge summary

The Ministry of Agriculture, Fisheries and Food in Spain has approved a new regulation to boost the olive oil sector for the period 2024-2029. This regulation, backed by the Interprofessional Organization of Spanish Olive Oil, will be enforced from October 2024 and will mandate a financial contribution from olive oil producers. At least 80% of the funds collected will be dedicated to marketing and promoting olive oil, with the remaining 20% used for research, development, and technological innovation. A flat rate contribution of six euros per tonne of olive oil will be imposed, with half of the contribution for production and processing, and the other half for marketing/packaging.

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

Original content

The Ministry of Agriculture, Fisheries and Food has announced today the approval of the new extension of regulations for the Spanish olive oil sector, published in the Official State Gazette. This measure, promoted by the Interprofessional Organization of Spanish Olive Oil, aims to strengthen the promotion, information and development of the sector during the next five campaigns (2024-2029). The extension of the regulation, which will come into force in October 2024, establishes a mandatory financial contribution to finance key activities in the sector. At least 80% of the total collected will be allocated to the promotion of olive oil and the encouragement of its consumption, while up to 20% will be allocated to the improvement of information on production and markets, as well as to research, development and technological innovation programs. A maximum of 10% will be used for coordination, monitoring and control of contributions, as well as other relevant actions. The mandatory ...

Source: Lavozdealmeria