The periods for the following tenders are from December 12 to 17, 2019; from January 22 to 27, 2020; and from February 20 to 25, 2020.

The decision to authorize the private storage of olive oil seeks to reduce the current imbalance between supply and demand in this sector, and mitigate the plight of the markets in a situation of low prices, as a result of the accumulation of stocks after a record harvest and the uncertainties of foreign trade.

Aid for private storage

As established by Commission regulation, published in the Official Journal of the European Union on November 11, companies may submit a single application per period, for a certain amount and price, in each of the categories of extra virgin olive oil, virgin olive oil , and lampante olive oil.

The Ministry of Agriculture, Fisheries and Food appreciates the inclusion of this last category of oil, which had not been taken into account in the last storage, which will facilitate the presentation of offers for olive oils from the previous marketing year and demonstrates the Commission sensitivity towards the situation of the sector.

The regulation sets a minimum quantity per offer of 50 tons, but does not establish a maximum amount of storage, in order to provide the system with maximum flexibility and effectiveness.

A 180-day storage period has also been established, in which oil cannot be commercialized, so that there is a real effect on the balance between supply and demand.

Producer Member States may submit these private storage aids: Spain, Italy, Greece, Portugal, France, Cyprus, Malta, Croatia and Slovenia. It is foreseeable that Spain will make the largest number of applications, by concentrating almost all of the olive oil stocks in the European Union.



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