Economy

Olive oil stocked In Italy. Update of 7 October 2020

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers. On 7 October 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils: 257,421 tons in stocks. Compared to 30 September 2020 a 1.1% reduction was recorded (260,168 tons). Stocks keep being higher than the stocks recorded the same period of last year (+46,0%)

Olio Officina

Olive oil stocked In Italy. Update of 7 October 2020

The stock of olive oil in Italy on 7 October 2020 is 257,421 tons. Extra Virgin Olive Oil (EVO) represents the 70.6% of the stock. Among the EVO oil, the 51.2% (92,935 tons) is of Italian origin and the 40.1% 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?

Half of the national olive oil (50%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (31.5% and 10.3%, respectively). At the provincial level, 16.1% of olive oil is stocked in the province of Bari, 10.1% in Perugia and 7.2% 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 3 regions (Puglia, Tuscany, Umbria) hold the 59.1% 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 67.1% of the Italian olive oil. Among these provinces, there are five from the central- northern Italy: Perugia, Lucca, Siena, Florence, and Imperia.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (47), out of a total of 9.4 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 58.9% and the first 20 names 97.2% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 3.4% of the total olive oil stocked in Italy and represents 4.8% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 27,121 tons, almost exclusively EVO (99.7%). It is a relevant figure since the EVO Bio constitutes 14.9% of the overall EVO stocked in Italy.

Olive oil stocks 7 October 2020 vs. 30 September 2019

Compared to 30 September 2019, olive oil stocks are 46.0% higher. This data is mainly justified by the changes in EVO oil stock (+65.8%), and, in particular, by the changes in stock of the Italian EVO. Indeed, the Italian EVO oil stock is 45,380 tons (+95.4%) higher than the stock registered on 30 September 2019.

The higher quantities of lampante olive oil (+51.4%), olive-pomace oil (+15.5%) and olive oil and refined olive oil (+18.0%) stocks deserve to be mentioned.

Olive oil stocks 7 October 2020 vs. 30 September 2020

Compared to 30 September 2020, a 1.1% reduction of olive oil stocks was recorded. The reduction in EVO oil stocks (-1.8%) is due to the reduction in Italian EVO oil (-2.3%) and EU EVO oil (-1.9%).

No remarkable differences were observed in the other oil categories.

Pohto by Olio Officina

Olio Officina

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