Economy

Olive oil stocked In Italy. Update of 29 July 2020

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registersOn 29 July 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils:297,648 tonsin stocks. Compared to 22 July 2020 a 1.5% reduction was recorded (302,255 tons). Stocks keep being higher than the stocks recorded the same period of last year (+35,1%)

Olio Officina

Olive oil stocked In Italy. Update of 29 July 2020

The stock of olive oil in Italy on 29 July 2020 is 297,648 tons. Extra Virgin Olive Oil (EVO) represents the 70.5% of the stock. Among the EVO oil, the 56.8% (119,240 tons) is of Italian origin and the 36.4% is of EU origin. The extra-EU olive oil stocks (just 8,102 tons) and blend olive oils (6,149 tons) are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Over half of the national olive oil (53%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (34.1% and 10.4%, respectively). At the provincial level, 15.5% of olive oil is stocked in the province of Bari, 10.0% in Perugia and 8.7% in 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 59.5% 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 66.1% 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 12.7 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 55.6% and the first 20 names 96.9% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 3.9% of the total olive oil stocked in Italy and represents 5.5% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 33,546 tons, almost exclusively EVO (99.7%).It is a relevant figure since the EVO Bio constitutes 15.9% of the overall EVO stocked in Italy.

Olive oil stocks 29 July 2020 vs. 31 July 2019

Compared to 31 July 2019, olive oil stocks are 35.1% higher. This data is mainly 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 49,159 tons (+70.1%) higher than the stock registered on 31 July 2019.

The increases in lampante olive oil (+29.1%), in olive-pomace oil (+19.4%), and in olive oil and refined olive oil (+6.2%) stocks 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 (+31.4%).

 

Olive oil stocks 29 July 2020 vs. 22 July 2020

Compared to 22 July 2020, a 1.5% reduction of olive oil stocks was recorded. The reduction in EVO oil stocks (-1.8%) is mainly due to the reduction in Italian (-2.7%) and blend (-16.4%) EVO oil. No significant variations were recorded in other products categories.

Photo by Olio Officina

Olio Officina

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