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.

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




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