Area
European Union
Commodity Group
Oilseeds, oils and meals
Commodity
Olive oil
Date
01/05/2020
Policy Category
Production
Policy Instrument
Market support
Description
Simplified the implementation of market support programmes for olive oil as part of a package of measures aimed at enabling sectors affected by the COVID-19 pandemic to re-balance supply and adjust to demand shifts caused by the emergency.
Notes
EUROPEAN UNION olive oil support & biodiesel market (COVID-19 related, temporary measures): On 4 May, the European Commission announced several support measures to enable based on the schemes available under the Common Agricultural Policy and Common Market Organization the hardest hit sectors to help re-balance supply and adjust to demand shifts caused by the COVID-19 crisis. The measures include increased flexibility in the implementation of sectoral market support programmes for selected products, including olive oil. As for biodiesel, according to media reports, some EU member states considered calling for derogations of biodiesel blending obligations following both the plunge in international petroleum prices and the decline in local biodiesel uptake as road fuel demand collapsed in the wake of national lockdown measures.
