The price of oil maintains the stability achieved regardless of the fall in sales

The quotations in origin of the olive oil have remained more or less stable, since there are some differences in the calculations, which is not a bad result after the fall of the sales that have been known and that accumulate up to 25, 9% Thus, according to Oleoestepa sources, there has been an improvement in the lampante, where the prices rose between 2,400 and 2,450 euros / ton, while the virgin repeated at 2,550 euros / tonne and the extra at 2,900 euros.

However, the Poolred system of the Olivar Foundation recorded decreases in the same qualities, that is to say in extra and in virgin, while the lampante oil rose slightly, remaining at 2,386 euros per ton.

On the other hand, in the analysis of the evolution of the prices of vegetable oils of the last Weekly Report of Conjuncture of the Ministry of Agriculture, Fisheries and Food for the week 25, which goes from June 18 to 24, there were increases in the average prices of the highest quality olive oils.

Extra virgin oil and lampante 1.47% and virgin oil 0.92%. The drops have occurred in crude pomace oil (-1,92%) and refined olive oil (-0,16%). The refined sunflower oil drops by -0.44%.

It has been a week of a certain transition, without major changes in any case and maintaining the tone of that certain stability of the last weeks after a period of falls more than worrying and, according to the sector, unjustified, and subsequent increases.

And that the data of the sector are not as positive as you would like. This week it has been known that sales of virgin olive oil accumulate a fall of 25.9% during the first five months of this year, to 10.1 million liters, in contrast to the stable trend shown by the market of oil in general. The good news is that extra virgin breaks this trend in the fall of sales with an increase of 1.7% in sales.

Autor entrada: Francisco Camacho