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The battle for green gold: “Foreign olive oil sold as Italian while ours sits in tanks”
Reporting by La Repubblica (IT)Read the original at europe.repubblica.it
Executive Summary
Facts Only
* 195,044 tons of extra virgin olive oil remain in storage tanks.
* This represents a 46.7% increase compared to a year ago.
* Storage stockpiles are concentrated in the South, including Puglia, Calabria, and Tuscany.
* Extra virgin prices reached 10 euros per kilogram until January.
* Prices have since fallen to 4 euros on the market in Foggia.
* Mill owners are overextended with banks after purchasing olives at high prices but facing low current oil values.
* Farmers demand an "extraordinary banking moratorium."
* One demand is for strict inspections against substandard oil imports.
* The Mayor of Bari requested sampling and analysis of olive oil sold in the region.
* Olive growers fear pesticide residue levels in imported oils.
* Spain’s projected production is estimated at 1.6 million tons for the upcoming season.
Full Take
From the original · La Repubblica (IT)
The language farmers use when protesting can sound melodramatic. “Harvest season is about to begin, and we can no longer afford to harvest tears,” one farmer proclaimed from the stage in Piazza Prefettura in Bari, where the first demonstration took place last Monday.Read the full story at europe.repubblica.it
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