Economy

Olive Oil stocked in Italy. Update of 14 May 2020

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers. On 14 May 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils: 347,112 tons in stocks. Compared to 7 May 2020 not significant changes (-1.7%) were recorded (353,279 t). Data confirm the decreasing trend characteristic for the period. Nevertheless, the stocks keep being higher than the stocks recorded the same period of last year (+31,0%)

Olio Officina

Olive Oil stocked in Italy. Update of 14 May 2020

The stock of olive oil in Italy on 14 May 2020 is 347,112 tons. Extra Virgin Olive Oil (EVO) represents the 69.8% of the stock. Among the EVO oil, the 61.3% (148,718 tons) is of Italian origin and the 32.8% is of EU origin. The extra-EU olive oil stocks (just 7,553 tons) and blend olive oils (6,671 tons) are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Over half of the national olive oil (56%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (37.3% and 10.5%, respectively). At the provincial level, 17.0% 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 61.9% 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 66.7% of the Italian olive oil. Among these provinces, there are five from the central- northern Italy: Perugia, Lucca, Imperia, Florence, and Siena.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (47), out of a total of 17.9 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 54.7% and the first 20 names 97.1% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 4.7% of the total olive oil stocked in Italy and represents 6.8% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 40,723 tons, almost exclusively EVO (99.8%). It is a relevant figure since the EVO Bio constitutes 16.8% of the overall EVO stocked in Italy.

Olive oil stocks 14 May 2020 vs. 15 May 2019

Compared to 15 May 2019, olive oil stocks are 31.0% 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 52,719 tons (+54.9%) higher than the stock registered on 15 May 2019.

The increases in olive-pomace oil (+46.3%) 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 (+57.9%).

Olive oil stocks 14 May 2020 vs. 7 May 2020

Compared to 7 May 2020, a slight reduction of olive oil stocks was recorded (-1.7%), mainly due to the reduction in lampante olive oil (-10.8%) and EVO oil (-1.0%) stocks. The reduction in EVO oil stocks is mainly due to the reduction in Italian EVO oil (-1.7%). The only positive trend was recorded for pomace olive oil (+2.7%).

Photo by Olio Officina

Olio Officina

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