Area
European Union
Commodity Group
Oilseeds, oils and meals
Commodity
Olive oil
Date
01/10/2019
Policy Category
Consumption and marketing
Policy Instrument
Market regulation
Description
Considered activating a temporary private storage mechanism for olive oil, in a bid to assist producers especially in Spain to overcome the recent decline in market prices stemming from a glut in supplies. The EUs Common Market Organization regulation includes provisions for the said price stabilization mechanism, which was last used in 2012.
