Bellanova: "we continue to monitor to prevent unfair practices and lighten the market"
43,3 million hectoliters of wine in stock in Italian wine factories, down 2% compared to July 8th and stocks 2,4% lower than a year ago.
Olive oil deposits also decreased compared to the last survey, even if these are still very different numbers (+ 36,4%) if compared to last July 15, 2019.
Weekly reports of national stocks of wine and oil, "Cantina Italia" and "Frantoio Italia", prepared by ICQRF, the Central Inspectorate for fraud repression by the Ministry of Agriculture, are online on the Mipaaf website. A fundamental tool for producers and operators, which allows you to know weekly the quantity of storage of wine and oil present on the national territory.
“The lock down has shown us all the centrality of the agri-food chain, but also its fragility. Wine and oil were two of the sectors most affected by the blockage of commercial channels caused by the health emergency and for this reason we immediately decided to guarantee immediate, simple weekly information, to allow producers and operators of the sector to know the quantity of stocks of oil and wine present on the national territory and to avoid speculative phenomena and unfair practices that affect the made in Italy and damage our reputation ", said Minister Bellanova. “The food emergency is returning to the norm but the economic and social one must still be managed with great attention.
Stocks of wine are in line with those of last year while oil is suffering more from the effects of the lock down. We are taking action on several fronts to lighten the market and avoid overproduction that could have repercussions not only on the price trend, but also on the image of our quality productions, now close to the eve of the new harvest and the olive growing season. I am particularly grateful to the inspectors and inspectors of the ICQRF, who with their commitment are allowing Mipaaf to be the only one in the world to provide this weekly service ”.
In detail, as regards wine, compared to a year ago, a reduction of 2,4% was observed for wines, 7,3% for musts and 64,3% for new wine in fermentation compared to same week last year.
58% of the wine in Italy is held in the cellars of the northern regions: in Veneto only about a quarter of the national wine is present.
52,6% of the wine held is dop, with a prevalence of red (56%). 25,9% of the wine is PGI, also in this case with a prevalence of red.
As regards the oil stock held in Italy on (311.113 tons), 69,6% is represented by Extra Virgin Olive Oil (EVO). In the EVO oil sector, 57,7% (124.924 t) is of Italian origin and 34,9% is of EU origin. The stocks of extra EU oil (8.811 t) and blend oils (7.223 t) are marginal. The stocks of organic Evo oil are very high (over 35 thousand tons). At regional level, Puglia, Tuscany and Calabria have 62,8% of the entire national stock in stock. Over 56% of the stocks of PDO and PGI oils are made up of "Terra di Bari" oil.
Reports can be found at the following links: https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15767
https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15766.