Spain: Planas calls for an effort from the links in the chain to moderate olive oil prices

Published 2022년 12월 2일

Tridge summary

Spanish Minister, Luis Planas, has called on all stakeholders in the olive oil industry to work together to prevent speculative price hikes. This comes in the wake of a significant drop in production due to drought and high temperatures. The minister highlighted the importance of olive oil and table olives in contributing to the economic and social fabric of rural areas. He also welcomed Uzbekistan and Saudi Arabia as new members of the International Olive Council and stressed the need to promote the olive grove's role in biodiversity, sustainability, and climate change mitigation.

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

Original content

MADRID, Dec. 2 (EUROPA PRESS) - The Minister of Agriculture, Fisheries and Food, Luis Planas, has called for the responsibility of all the links in the chain so that they make an effort to moderate olive oil prices and avoid speculative situations. "In the same way that as a minister I have publicly vindicated the need for our farmers to have a fair remuneration for their work, and for our industry to obtain benefits to develop its activity, at this time I call for an effort to moderate prices and avoid speculative situations to allow the level of consumption and exports that have cost so much to achieve to be maintained", he stated. The minister referred to the significant drop in olive oil production in the recently started campaign as a result of the drought and high temperatures, and in relation to the increase in prices produced in recent weeks, he reiterated the call to responsibility addressed to all links in the chain. On the other hand, Planas has stressed that olive oil ...

Source: europapress