Economy

Olive oil stocked In Italy. Update of 4 November 2020

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers. On 4 November 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils: 256,053 tons in stocks. Compared to 28 October 2020 a 1.6% increase was recorded (252,049 tons). Stocks keep being higher than the stocks recorded the same period of last year (+49,8%)

Olio Officina

Olive oil stocked In Italy. Update of 4 November 2020

The stock of olive oil in Italy on 4 November 2020 is 256,053 tons. Extra Virgin Olive Oil (EVO) represents the 70.5% of the stock.

Among the EVO oil, the 54.5% (98,288 tons) is of Italian origin and the 37.3% 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 (48%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (30.6% and 10.2%, respectively). At the provincial level, 16.2% of olive oil is stocked in the province of Bari, 8.3% in Perugia and 6.2% 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, Calabria, and Umbria) hold the 66.6% 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 63.9% of the Italian olive oil. Among these provinces, there are five from the central- northern Italy: Perugia, Lucca, Florence, Siena, and Imperia.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (47), out of a total of 13.0 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 38.4% and the first 20 names 95.6% 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 6.6% of the stored EVO oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 27,277 tons, almost exclusively EVO (99.6%). It is a relevant figure since the EVO Bio constitutes 15.1% of the overall EVO stocked in Italy.

Olive oil stocks 4 November 2020 vs. 31 October 2019

Compared to 31 October 2019, olive oil stocks are 49.8% higher. This data is mainly justified by the changes in EVO oil stock (+63.5%), and, in particular, by the changes in stock of the Italian EVO. Indeed, the Italian EVO oil stock is 48,344 tons (+96.8%) higher than the stock registered on 31 October 2019.

The lower quantities of virgin olive oil (-38.6%) and the higher quantities of lampante olive oil (+57.0%), olive-pomace oil (+21.0%), and olive oil and refined olive oil (+28.4%) stocks deserve to be mentioned.

Olive oil stocks 4 November 2020 vs. 28 October 2020

Compared to 28 October 2020, a 1.6% increase of olive oil stocks was recorded. This is linked to the increase EVO oil (+2.1%) and, in particular, of Italian EVO (+5.9%). A reduction in EU EVO oil (- 2.3%) was recorded this week too.

Photo by Olio Officina

Olio Officina

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