olives

Important stocks at EU level and consecutive good harvests have created an imbalance between supply and demand on the EU olive oil market, resulting in a price decrease. In view of this particularly difficult market situation, the European Commission adopted today private storage aid for virgin olive oils.

EU exports of pork, beef, olive oil and dairy products are expected to continue increasing in 2019. Pork exports are especially driven by Chinese demand, while production is expected to stabilise. These are among the main findings of the latest short-term outlook report for EU agricultural markets, published on 3 July 2019 by the European Commission.