Economy

Olive Oil stocked in Italy. Update of 31 May 2021

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers (RTO), which at 31 May 2021 are 22,956. Olive oils: 320,432 tons in stocks. Compared to 30 April 2021 a 7.5% decrease was recorded (346,462 tons). Stocks are 5.3% lower than the stocks recorded the same period of last year

Olio Officina

Olive Oil stocked in Italy. Update of 31 May 2021

The stock of olive oil in Italy on 31 May 2021 is 320,432 tons. Extra Virgin Olive Oil (EVO) represents the 72.0% of the stock.

Among the EVO oil, the 48.0% (110,692 tons) is of Italian origin and the 44.2% is of EU origin.

The extra-EU olive oil stocks and blend olive oils are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Almost half of the national olive oil (49%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (34.2% and 7.8%, respectively). At the provincial level, 18.2% of olive oil is stocked in the province of Bari, 11.3% in Perugia and 7.0% 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 4 regions (Puglia, Tuscany, Umbria, and Calabria) hold the 68.7% 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 67.9% of the Italian olive oil.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (48), out of a total of 16.4 million litres of GI olive oil in stock, the PDO Terra di Bari represent the 37.7% and the first 20 names 96.4% 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 6.5% of the stored EVO oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 37,007 tons, almost exclusively EVO (99.4%), equal to 16.0% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 31 May 2021 vs. 28 May 2020

Compared to 28 May 2020, olive oil stocks are 5.3% lower. This data is justified by the changes in stocks of pomace olive oil (-25.5%), EVO oil (-2.5%), virgin olive oil (-22.0%) and olive oil to be classified (-34.3%). The stocks are higher than last year for olive oil and refined olive oil (+14.8%) and lampante olive oil (+1.9%).

On regard of EVO oil, it is important to remark the strong reduction of Italian EVO oil (-23.0%), partially counterbalanced by the increase of EU EVO oil (+30.7%) and Extra EU EVO oil (+49.3%).

Olive oil stocks 31 May 2021 vs. 30 April 2021

Compared to 30 April 2021, a 7.5% decrease of olive oil stocks was recorded. This is related mainly to the reduction of EVO oil (-8.0%) and olive oil and refined olive oil (-10.0%). Anyway, a reduction in stocks of all categories of olive oils is recorded.

Photo by Olio Officina

Olio Officina

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