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Olimerca.- Brussels strengthens the European olive oil sector with the incorporation of new features in the European Market Observatory for Olive Oil and Table Olives, which has been joined by representatives of civil society. This platform aims to promote transparency and cooperation throughout the supply chain, from producers to exporters, and now also with information for consumers. Now, this Observatory will have a more structured approach to address the current and future challenges of the olive oil sector. A platform for dialogue for the entire sectorThe new European Market Observatory for Olive Oil and Table Olives aims to be a space where experts and representatives from the entire supply chain of the olive oil sector meet. Its structure seeks not only to collect and analyse data, but also to facilitate debate and cooperation between the different actors in the sector. The improvements of the Observatory

Neither the low stocks in the connection period, nor the rains of the last weeks of October that prevented the harvest, slowed down the good (quantitative) performance of the Spanish olive oil market. According to the first estimate released on November 11 by the Ministry of Agriculture, during the past month close to 84,000 tons of transactions were closed, to which imports are added, creating outflows of more than 104,000 tons, in full harmony with the quantities that traded in the previous months. A number that is very positive for the industry as a whole given the market dynamics and significant shelf and export presence, but leaves mill stocks at a bare minimum with just 53,000 tonnes and 85,345 tonnes in industrial hands bottling. The previous numbers are expected to be offset by the 100% re-operation of the olive mills in Andalusia, which are so necessary to be able to meet the normal demand that continues to manifest itself month after month.

The end of the first week of November marked a drop in olive oil prices in our country.