EU OLIVE OIL ACTION PLAN BROADLY WELCOMED BY BIG EUROPEAN PRODUCERS

THE EUROPEAN Commission has put forward an action plan aimed at creating a lasting remedy for Europe’s troubled olive oil sector which has suffered a near-calamitous loss of profitability in recent years. Unveiled last June, the plan follows a sequence of temporary and not wholly successful boosts to the sector in the form of injections of private storage aid between October 2011 and May last year. Besides tackling the structural and market weaknesses in olive oil, the plan also covers the growing problem of fraud and provides for changes in a number of ...


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