The Coordinator of Agricultural and Livestock Organizations (COAG) announced Thursday that she will file a complaint with the National Markets and Competition Commission (CNMC) Next Tuesday, May 13 to “demand investigation into possible unfair commercial practices or price agreements” against “the unjustified lag of more than 2 euros at the price of olive oil in origin “.
As COAG explained in a statement, a study backed by the universities of Jaén, Córdoba and IFAPA reveals that Aove (extra virgin olive oil) should quote between 5.55 and € 6.14/kg in the 2024-2025 campaign depending on the real production data.
“It is currently paid at an origin around € 3.5/kgwhich could suppose losses for the olive groves of 2.8 billion euros for this campaign, “the Agrarian Organization has denounced.
This announcement occurs just at a time when Olive oil prices have dropped more than 40% Regarding just one year ago. The generous rains of last year have caused this 2024-2025 campaign of the olive, which will last until next September, being fruitful and the production forecasts are located in 1.4 million tons. In this way, the greatest available supply, together with a stable demand, is promoting the price drop.
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