Tridge summary
The olive oil industry in Alentejo, Portugal is on the verge of a collapse as the sector is at a standstill due to the lack of storage capacity for olive pomace, a byproduct of oil production. With an expected record production of 180,000 tons of olive oil and 900 million kgs of pomace, the three receiving units are unable to accept any more raw materials, leading to significant financial losses for farmers and companies in the sector. The issue was highlighted by FENAZEITES and UCASUL, who have been warning about this potential crisis for years, but their concerns fell on deaf ears and no necessary investments were made in balancing and sustaining the sector. The absence of the olive sector in the PDR2020 and the transfer of funds from the 2nd pillar to the 1st pillar further demonstrates the government's lack of interest and commitment to the sector, leading to these structural imbalances and the current crisis in Alentejo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In a year in which olive oil production is expected to reach values in the order of 180,000 tons, which is the biggest campaign since there are records, FENAZEITES became aware that the entire olive sector in Alentejo has been paralyzed since the harvest from olives to the presses that transform it. Due to the boom in production this year, the three large units for receiving olive pomace from the cooperative and non-cooperative mills, which process all the olives produced in the Alentejo, «have their storage capacity exhausted or practically exhausted and they no longer accept raw materials». This whole situation is causing "incalculable damage" to farmers and companies linked to the sector, "in addition to what will be appalling what may happen to the olive oil value chain, as there is no place to put that olive pomace, whose estimated production is expected to reach the 900,000,000 Kgs», reads a statement. Sector notices have been devalued The cooperative sector, through ...
Source: Flefrevista
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