We have more foreign oil in our stocks than Italian

From the Frantoio Italia report, some food for thought
Economy
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They go down stocks of Italian extra virgin olive oil below 100 tons (91.143), while for the first time the oil of European and non-EU origin (96.321) exceeds the national one in stock. The almost double drop of Italian extra virgin olive oil (-13,8%) compared to that of the foreign Evo (7,6%) confirms a trend already indicated by operators in the sector, namely that the increase in the price of oil from across the border consequent to the lower availability (especially from Spain), ha leveled the values with that 100% italian, prompting consumers to move towards the latter product.

The data of the last report of Oil mill Italy, processed monthly byIcqrf on the basis of the data contained in the electronic oil registers (22.110 to the date of May 31st), they bring out at the same time also the strong reduction of the lampante (With consequent increase in the share of olive and refined oil) and of theolive pomace oil, suggesting that rising prices are leading some consumers to choose lower quality oils.

A month, that of May, which has seen reduce the total tons of oil in stock from 277.936 to 255.181 (-8,2%), with transactions greater than the previous month demonstrating a lively market. And the Puglia to still hold the largest share (over 30%) in its tanks, followed by Toscana (18,7%) and Umbria (11,2%).

Equal to 33 thousand tons of organic oil, almost a third of which held in Puglia, also here in front of the Toscana (18,2%), while in third place is the Sicilia (13,5%). Just the island, on the other hand, always follows the Puglia for stocks of certified oils: la PDO Land of Bari has 29.8% of the 13 million liters in storage, the Dop Val di Mazara andPGI Sicily together they are at 25,8% (3,5 million), with theTuscan PGI in the middle for almost 2 million liters (14,2%).

Tags: in evidence, Italy oil mill report

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