AreaEuropean Union

Commodity GroupOilseeds, oils and meals

CommodityOlive oil

Date01/11/2019

Policy CategoryConsumption and marketing

Policy InstrumentMarket regulation

DescriptionActivated a private storage aid mechanism for EU-produced olive oil, in a bid to reduce the bloc’s supplies and thus support prices. The programme would remain in place until end-February 2020.

NotesEUROPEAN UNION – market regulation (olive oil): In November, the European Commission activated a private storage aid mechanism for EU-produced olive oil, in a bid to bring down the bloc’s supplies and thus support prices (see also MPPU Nov.’19). Private sector operators participating in the programme are required to store their product for at least 180 days.