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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El MARM insta al almacenamiento del aceite de oliva por parte de Bruselas, tras la caída de precios de la última semana

The MARM urges to the storage of the oil of olive by part of Brussels, after the fall of prices of the last week

20/09/2011

20 September 2011

The Ministry of Environment, Half Rural and Marino (MARM) will remit the before possible to Brussels and to the European commissioner of Agriculture, Dacian Ciolos, the last data related with the price of the oil to end of incidir in a possible storage of the same. Like this it made public it, the past day 19, the minister Rosa Aguilar during the inauguration of the desaladora of the Low Almanzora in Almería, after having ascertained the fall of the price of the oil, during the last week, underneath of the price of storage.

From now, and as it gave to know the own headline of the Ministry, auguran conversations between the MARM and the sector to study the development of the performances and actions that will carry out. All this, after knowing that the price of the oil of olive finds underneath of the threshold of activation of the private storage, in 1,699 euros by kilo whereas the limit for the activation of this mechanism of management of the market enciphers in 1,710 euros by kilo of oil, according to the Weekly Report of Coyuntura of the Ministry of Environment and Half Rural and Marino (MARM).

Regarding the price of the oil of olive lampante, this has situated in 161,94 euros by each 100 kilos, what supposes 0,33%  less than the previous week that was in 162,48 euros by each 100 kilos. In this case, the prices find by  on of the threshold of activation of this mechanism.

Finally, the price of the oil of virgin olive extra has followed the same tendency that the lampante, surpassing the minimum to activate the storage by part of the EU. That is to say, above 1,779 euros by kilo.

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