The enormous concern in the Spanish olive sector, after days and days of decline in the markets. The price of oil continues in free fall and this Tuesday, March 12, its average has been placed at a 30% lower. Thus, the producers have requested permission for the private storage of 'liquid gold' until an aggravated situation normalizes. They do not rule out mobilizations.
La Union of Small Farmers and Ranchers of Andalusia (UPA) It has already recently advanced that they will demand a solution from the competent authorities. Measures that support and stabilize prices for land, after a campaign in the field that did not presage the bad numbers of the present time.
Why is the price of oil still falling?
From the beginning and during the development of the harvest of olive months ago, the olive grove sector had good production and price forecasts. This is because the campaign started late because of the unusual weather. The atypical temperatures and rains that occurred caused a delay in the ripening of the fruit.
That, in principle, was a benefit because the available stocks of olive oil were shrinking and it was going to revalue the new crop. Then, despite the fat yield of the olive below 2-3 points than usual, the final production It has been higher than what the olive growers estimated.
Therefore, Spain has once again been at the forefront of the commercialization of oil, as producer of the world half. However, this has not translated into setting reasonable prices in the international market. Since UPA Andalusia have been denouncing that distribution sectors they have maintained their downward price trend. Thus, it has been a 28% lower last year.
That fact has caused a unsustainable situation for many farmers by locating the production costs over profit. Although a large part of the olive growers are grouped in cooperatives or oil mills, for those who sell the oil made of olives in origin the interests are different. For this reason, from this set they demand the UE a series of legislative measures to improve the situation.
At the moment, next March 15, the Andalusian Olive Council to study alternatives and possible protests. A good example of this matter is in the comparison with the Italian oil. This is being paid at double than Spanish. A) Yes, the price of oil continues to fall.
