Area
European Union
Commodity Group
Oilseeds, oils and meals
Commodity
Olive oil
Date
01/07/2020
Policy Category
Production
Policy Instrument
Market regulation
Description
Considered allowing olive oil producing Member States to regulate production and supply through measures that improve the operation of the market, in a bid to address economic hardships arising from excess supplies and protracted low prices recorded across the European olive oil market.
Notes
EUROPEAN UNION market regulation (olive oil): To address problems arising from excess supplies and persistently low prices in the European olive oil market, EU policy makers are considering to allow olive oil producing Member States to regulate production and supply through measures that improve the operation of the market without distorting competition. Reportedly, corresponding provisions could be included in a set of transitional regulations that will govern the blocs agricultural policies until a new Common Agricultural Policy is introduced in 2022.
