AreaEuropean Union
Commodity GroupOilseeds, oils and meals
CommodityOlive oil
Date01/10/2019
Policy CategoryConsumption and marketing
Policy InstrumentMarket regulation
DescriptionConsidered 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.
