Economy

Olive Oil stocked in Italy

The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers (RTO). On March 31, 2020, the operators present in the online olive oil register were 24,217, representative of 26,322 active premises. The quantity of olive oil stocked in Italy on March 31, 2020 by the parties responsible for maintaining the RTO is 371,251 tons, of which 347,383 are in bulk

Olio Officina

Olive Oil stocked in Italy

The stock of olive oil in Italy on March 31, 2020 is 371,251 tons. Extra Virgin Olive Oil (EVO) represents the 68.7% of the stock. Among the EVO oil, the 64.1% (163,453 tons) is of Italian origin while the 30.7% is of EU origin. The extra-EU olive oil stocks (just 8,266 tons) and blend olive oils (4,959 tons) are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Over half of the national olive oil (58%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (39.8% and 10.3%, respectively). At the provincial level, 18.7% of olive oil is stocked in the province of Bari and 10.0% in the 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 63.3% of the total national stock.

At provincial level, it is clear a significant concentration of olive oil stocks: in only 10 provinces is stocked the 67.7% 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 20.6 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 54.4% and the first 20 names 97.3% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 5.1% of the total olive oil stocked in Italy and represents 7.4% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 43,534 tons, almost exclusively EVO (99.8%). It is a relevant figure since the EVO Bio constitutes 17.0% of the overall EVO stocked in Italy.

Olive oil stocks 31 March 2020 vs 31 March 2019

Compared to the same period of 2019, olive oil stocks are 32.9% higher. This data is partially 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 55,774 tons (+51.8%) higher than the stock registered on 31st March 2019. The differences in Extra EU EVO recorder are quite significant as well (+5,005 tons).

The increases in olive-pomace oil (+50.3%), lampante oil (+44.1%) and virgin olive oil (+64.3%) 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 (+60,9%).

Olive oil stocks 31 March 2020 vs 23 March 2020

Compared to March 23, 2020, no substantial differences of olive oil stocks were recorded.

The only exception is represented by the increase in Extra UE EVO oil (+18.9%), that partially counterbalance the decrease in Italian EVO oil stocks (-2,035 tons).

Olio Officina

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