The keys: the oil withdrawal mechanism must be carefully evaluated
It seems like a good idea to combat price volatility, but interventions in the food market can be counterproductive.
The Spanish Ministry of Agriculture has activated a mechanism to withdraw 12% of this year's olive oil production to stabilize prices and protect producers. The measure has been criticized by the bottling and refining sector of the supply chain. The National Commission for Markets and Competition has also expressed concerns about the measure. The move aims to combat volatility in the industry and store excess oil for future campaigns.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
