Greece: VAT and mixing with seed oils a risk for olive oil, SEVITEL asks for support from the industry

Olive Oil

Nuts & Seeds

Greece

Published Sep 13, 2023

Tridge summary

SEVITEL, an association representing Greek olive oil standardization industries, urges consumers to continue using olive oil despite the upward trend in prices. The Greek state is being criticized for not taking measures to protect the quality of the Greek product and avoid reduced consumption. There is also concern about the risk of mixing olive oil with seed oils, as neighboring countries like Bulgaria could potentially export mixed oils to Greece.

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Original content

SEVITEL (Association of Greek Olive Oil Standardization Industries) with its announcement asks consumers to continue using olive oil. Of course, the upward trend in prices has created a problem in the domestic market. The Greek state, however, remains a simple observer. But it is not enough just to announce the quality superiority of olive oil from the organization of standardizers, but the government should also take measures to avoid a reduction in consumption in our country and to protect the quality of the Greek product. We should already point out that according to the AgroTypo report, Greece has the highest VAT among the olive-producing countries of the EU. Specifically, our country has a VAT on olive oil of 13%, while France has 5.5%, Spain 5%, Italy 4% and Portugal 0%. Greece should have received the VAT reduction on olive oil months ago. There is also the risk of mixing olive oil with seed oils. Our country has not taken any measures for this risk, completely ignoring the ...

Source: Agrotypos