European report: Increase private-storage support for olive oil

01/7/2013 | Olive Oil Times

A proposal to increase the European Commission's private storage support by 58 cents for olive oil and nearly 61 cents for extra virgin olive oil is among the amendments released by the Agriculture and Rural Development Committee. The trigger prices are aimed at aiding farmers when wholesale prices are poor. The report also calls for trigger prices to be regularly reviewed based on "objective criteria."

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