Economy

Olive Oil stocked In Italy. Update of 8 July 2020

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers. On 8 July 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. Olive oils: 314,188 tons in stocks. Compared to 1st July 2020 a 1.3% reduction was recorded (318,196 tons). Stocks keep being higher than the stocks recorded the same period of last year (+32,8%)

Olio Officina

Olive Oil stocked In Italy. Update of 8 July 2020

The stock of olive oil in Italy on 8 July 2020 is 314,188 tons. Extra Virgin Olive Oil (EVO) represents the 69.7% of the stock. Among the EVO oil, the 58.5% (128,109 tons) is of Italian origin and the 34.2% is of EU origin. The extra-EU olive oil stocks (just 8,656 tons) and blend olive oils (7,303 tons) are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Over half of the national olive oil (55%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (35.9% and 10.5%, respectively). At the provincial level, 16.9% of olive oil is stocked in the province of Bari, 9.0% in Perugia and 8.8% 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 60.9% 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 66.4% of the Italian olive oil. Among these provinces, there are five from the central- northern Italy: Perugia, Imperia, Florence, Lucca, and Siena.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (47), out of a total of 14.3 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 55.9% and the first 20 names 97.1% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 4.2% of the total olive oil stocked in Italy and represents 6.0% of the stored EVO oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 36,787 tons, almost exclusively EVO (99.7%). It is a relevant figure since the EVO Bio constitutes 16.7% of the overall EVO stocked in Italy.

Olive oil stocks 8 July 2020 vs. 1st July 2019

Compared to 1st July 2019, olive oil stocks are 32.8% 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 46,502 tons (+57.0%) higher than the stock registered on 1st July 2019.

The increases in olive-pomace oil (+37.4%), olive oil and refined olive oil (+15.5%) and in lampante olive oil (+9.8%) 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 (+38.6%).

Olive oil stocks 8 July 2020 vs. 1st July 2020

Compared to 1st July 2020, a 1.3% reduction of olive oil stocks was recorded. The reduction in EVO oil stocks (-1.6%) is mainly due to the reduction in Italian EVO oil (-1.9%). A reduction in EU EVO was recorded too (-1.6%). The reduction in Lampante olive oil (-7.7%) is counterbalanced by the increase in olive oil and refined olive oil (+13.6%).

Photo by Olio Officina

Olio Officina

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