Tunisia tries to curb speculation on olive oil

Published Nov 20, 2024

Tridge summary

The Tunisian Ministry of Agriculture is taking steps to protect the national olive oil sector and prevent speculation on prices. With olive oil production expected to increase by 55% this campaign, the Ministry plans to buy large quantities of olive oil at fair prices through the Tunisian National Office of Olive Oil (ONH). Other measures include providing storage facilities and a financing program for producers, and monitoring production and prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- Defending the national olive oil sector, both its farmers and maintaining a sustainable and accessible market for its population, are some of the considerations that the Tunisian Ministry of Agriculture is considering to avoid speculation on olive oil prices, the general alarm of which affects the entire Mediterranean. According to the website Olivonews.it, olive oil production in Tunisia could be around 340,000 tons this campaign, 55% more than last year, so the Ministry of Agriculture has announced that the Tunisian National Office of Olive Oil (ONH) will buy significant quantities of olive oil throughout the country, "at prices in line with international and local standards", precisely to counter speculation and monopolistic practices. A flood of protectionist measuresAmong the measures adopted, "the possibility that the regional centers of the ONH offer storage facilities, which allow producers and farmers to preserve olive oil according to their needs. A storage ...
Source: OliMerca

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