` Brussels Will Work With Spanish Cooperatives on Self-Regulation

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Brussels Will Work With Spanish Cooperatives on Self-Regulation

Jul. 17, 2019
By Daniel Dawson

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The Euro­pean Com­mis­sion has expressed inter­est” in work­ing with olive oil coop­er­a­tives in order to help sta­bi­lize prices in Spain, accord­ing to an announce­ment from Spain’s Min­istry of Agri­cul­ture, Fish­eries and Food.

Esper­anza Orel­lana, the Ministry’s gen­eral direc­tor of pro­duc­tion and agri­cul­tural mar­kets, told a gath­er­ing of olive oil and table olive indus­try mem­bers that the Min­istry had brought up the sub­ject at a recent meet­ing in Brus­sels.

She noted the inter­est of the Com­mis­sion to col­lab­o­rate with the Span­ish coop­er­a­tives and the Min­istry in the devel­op­ment of a mech­a­nism, absolutely novel, that will avoid the seri­ous imbal­ances in the oil mar­ket that have taken place this year,” the Min­istry said in a state­ment.

Olive oil prices in Spain remain well below what many pro­duc­ers and their advo­cates say is nec­es­sary to keep pro­duc­ers in busi­ness.

Orel­lana said that the Min­istry and Euro­pean Com­mis­sion are already look­ing at self-reg­u­la­tion mea­sures, which were pro­posed by Spain’s Inter­pro­fes­sional Olive Oil Orga­ni­za­tion, and would see how they could be applied in accor­dance with cur­rent Euro­pean Law.

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There was no men­tion from the Min­istry what the new mech­a­nisms would entail or how they would oper­ate.





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