Better Harvests Predicted in Greece, Italy, Portugal, Tunisia
A European Commission report predicts a three-percent increase in olive oil production in the E.U. due to reduced pest activity and some countries entering an on-year.
EU Agriculture Commissioner Pledges Support for Spanish Olive Sector
Phil Hogan has promised to intervene in order to protect the interests of Spanish olive oil producers if prices do not rebound. Varied production forecasts and trade uncertainties make it unclear whether this will happen.
Brussels Will Work With Spanish Cooperatives on Self-Regulation
Spain's Ministry of Agriculture, Fisheries and Food said that the European Commission had agreed to work with olive oil cooperatives to apply self-regulation measures.
The European Commission to Monitor Prices of Agricultural Goods
E.U. member states will have to send prices of products regularly to the Commission. Prices will be sent once a week for olive oil and once a month for organic olive oil and table olives.
The European Commission predicts that high worldwide demand combined with decreased production in non-E.U. countries will result in record E.U. exports for 2018/2019.
Brussels to Monitor Olive Oil Prices
Olive-producing countries are showing mixed signals in terms of prices and production despite the market’s relative stability, according to an EU commissioner.
International Shortage of Olive Oil to Be Compensated by Spain
European Union olive oil producers fared poorly this year. Spain, the notable exception, is well poised to make up the difference in the export market.
EU Report Predicts Rise in Production While Consumption Slips
By 2030, the European Commission estimates that production and exports will rise from the major olive oil-producing EU countries, but consumption will sink as prices rise and lifestyles change.