Economy

Olive oil stocked in Italy. Update of 31 October 2021

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers, which at 31 October 2021 are almost 23,000. Olive oils: 194,741 tons in stocks. Compared to 30 September 2021 an 7.5% decrease was recorded (210,595 tons). Stocks are 22.7% lower than the stocks recorded the same period of last year

Olio Officina

Olive oil stocked in Italy. Update of 31 October 2021

The stock of olive oil in Italy on 31 October 2021 is 194,741 tons. Extra Virgin Olive Oil (Evo) represents the 71.1% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (64,572 t) represent the 46.7%, followed by those of Eu origin 44.6%. The extra-Eu olive oil stocks and blend olive oils are marginal.

Olive oil sotcked in Italy

Where is physically stocked the olive oil in Italy?

Almost half of the national olive oil (48%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (29.5% and 10.1%, respectively). At the provincial level, 15.8% of olive oil is stocked in the province of Bari, 7.8% in Lucca, and 7.6% in Perugia 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, Calabria, and Umbria) hold the 66.4% 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 63.4% of the Italian olive oil.

Which olive oil in the olive mill Italy?

Despite the large number of Gis present (49), out of a total of 10.2 million litres of Gi olive oil in stock, higher than the stocks recorded the 30 September 2021 (8.7 million litres), the Pdo Terra di Bari represent the 22.5% and the first 20 names 94.6% of the total GIs olive oil stocked in Italy.

Overall, the Pdo / Pgi olive oil in stock is equal to 4.8% of the total olive oil stocked in Italy and represents 6.8% of the stored Evo oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 23,376 tons, almost exclusively Evo (99.6%), equal to 16.8% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 31 October 2021 vs. 28 October 2020

Compared to 28 October 2020, olive oil stocks are 22.7% lower. This is related mainly to the reduction of Evo oil (-21.7%), pomace olive oil (-39.6%), and lampante olive oil (-25.7%). Anyway, a reduction in stocks of all categories of olive oils is recorded.

On regard of Evo oil, it is important to remark the lower level of Italian Evo oil stocked (-30.5%).

Olive oil stocks 31 October 2021 vs. 30 September 2021

Compared to 30 September 2021, a 7.5% decrease of olive oil stocks is recorded. This is related mainly to the reduction of Evo oil (-8.1%), lampante olive oil (-17.4%), and pomace olive oil (- 7.8%). Deserve to be mentioned the important reduction of Eu Evo oil (-15.6%).

Photo Olio Officina©

Olio Officina

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