Oil stocks, Italian extra virgin olive oil still drops

Continues constant drop in stocks of Italian extra virgin olive oil. In the timely report Oil mill Italy drafted as usual byIcqrf and referred to the oil inventories on the basis of telematic registers, in the last month (April 30 – May 30, 2022) the stocks of National age they came down from 147.492 a 135.160 tonsa drop of more than 8%.
Among the extra virgin olive oils there was a decidedly more marked drop in quantity (almost sstocks of European oil are estimated at 86 tonnes and those outside the EU at 7.700 tonnes).
Su annual basis, vice versa land stocks of Italian extra virgin olive oil are 22% higher. Of course, the production of oil in the last campaign, as already mentioned in previous reports, was decidedly higher, but this increase contrasts with the values ​​of other extra virgin olive oils: in fact, the European one in stock decreased in the reference year from 101 thousand to the aforementioned 86 thousand tons (-15,5%), while the extra-EU one from 12 thousand to 7.700 (-38,3%).
Le total inventories of olive oil are equal to 313 thousand tons, of which 75% is represented by extra virgin olive oil. The largest inventories are recorded in Puglia (36%), Tuscany (16,6%), Umbria and Calabria (9,3%).