Olive Oil stocked in Italy. Update of 21 April 2020

On 21 April 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils: 361,051 tons in stocks. Compared to last week not significant changes were recorded (366.654 t). The stocks keep being higher than the stocks recorded the same period of last year (+30%). The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers

Olio Officina

Olive Oil stocked in Italy. Update of 21 April 2020

The stock of olive oil in Italy on 21 April 2020 is 361,051 tons. Extra Virgin Olive Oil (EVO) represents the 68.6% of the stock. Among the EVO oil, the 62.7% (155,288 tons) is of Italian origin while the 31.6% is of EU origin. The extra-EU olive oil stocks (just 8,288 tons) and blend olive oils (5,828 tons) are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Over half of the national olive oil (57%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (38.9% and 10.4%, respectively). At the provincial level, 18.5% of olive oil is stocked in the province of Bari and 9.6% in the Barletta-Andria-Trani province.

(1) The allocation of the Regions in the geographical areas follows the ISTAT scheme: North: Piedmont, Valle d’Aosta, Liguria, Lombardy, Trentino-Alto Adige, Veneto, Friuli – Venezia Giulia, Emilia-Romagna; Center: Tuscany, Umbria, Marche, Lazio; South: Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria; Islands: Sicily, Sardinia

At the regional level, the top 3 regions (Puglia, Tuscany, Calabria) hold the 62.9% of the total national stock.

At provincial level, it is clear a significant concentration of olive oil stocks: in the top 10 provinces is stocked the 67.3% of the Italian olive oil. Among these provinces, there are five from the central- northern Italy: Perugia, Imperia, Lucca, Florence, and Siena.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (47), out of a total of 19.4 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 54.7% and the first 20 names 97.2% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 4.9% of the total olive oil stocked in Italy and represents 7.2% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 43,014 tons, almost exclusively EVO (99.8%). It is a relevant figure since the EVO Bio constitutes 17.3% of the overall EVO stocked in Italy.

Olive oil stocks 21 April 2020 vs. 15 April 2019

Compared to 15 April 2019, olive oil stocks are 30.0% higher. This data is partially justified by the changes in EVO oil stock, and, in particular, by the changes in stock of the Italian EVO. Indeed, the Italian EVO oil stock is 51,649 tons (+49.8%) higher than the stock registered on 15 April 2019. The differences in Extra EU EVO recorder are quite significant as well (+5,039 tons).

The increases in olive-pomace oil (+45.1%) and lampante oil (+32.0%) deserve to be mentioned.

Very high compared to the milling season and the 2019 value is the amount of olive oil stock to be classified (+63,1%).

Olive oil stocks 21 April 2020 vs. 14 April 2020

Compared to 14 April 2020, a slight reduction of olive oil stocks was recorded (-1.4%), mainly due to the reduction in Italian EVO oil (-1.7%) and EU virgin olive oil (-40.8%) stocks.

Photo by Olio Officina

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