23 Hrs
Source:
تونزي تيليغراف
Spanish cooperatives call to halt olive oil re-export system
The Spanish cooperatives for olive oil production in Castilla and its regions are demanding a halt to the implementation of the "Under Customs Supervision" mechanism, which allows the import of olive oil from outside the European Union without tariffs. They consider that its widespread use has distorted the local market. The exporters believe that this mechanism, initially intended to cover a temporary shortage of raw materials, is now being used permanently. Some exporters are purchasing Tunisian olive oil, reprocessing it, and then re-exporting it to the U.S. market to avoid tariffs on European oil, thereby harming the Spanish market and threatening local production. They also pointed out that olive oil prices in Spain have declined by about 25%, along with a decrease in trading volumes. Production is expected to decrease during the 2025-2026 season, heightening concerns for the local olive oil industry. The cooperatives plan to submit an official request to suspend this mechanism, based on Article 195 of the European Regulation, in order to prevent further market distortion and to protect local producers.
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