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Premium for transporting olive oil to buoyant markets increases (Small Cabinet Meeting)

Published the:  23/11/2019

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(TAP) - A series of measures to ensure the success of the 2019/2020 olive growing season has been taken following a Small Cabinet Meeting held this week, announced Saturday, Minister of Agriculture, Water Resources and Fisheries, Samir Taieb,.

These measures concern the upward revision, exceptionally, of the premium for the transport of olive oil to promising new markets, Taieb stressed, who accompanied Prime Minister Youssef Chahed on his visit to Toukeber in the Ben Ismail farm (Beja governorate). He pointed out that the Export Promotion Fund (French: FOPRODEX) will cover 50% of the cost of maritime transport (instead of 30%) of bulk and packaged olive oil to all markets except Spain and Italy.

The fund will also cover 70% of the cost of transporting packaged olive oil to all markets (instead of 50%).

It was also decided to speed up the amendment of the government decree regulating the Packaging Olive Oil Fund in order to support the "young exporter" programme, i.e. each exporter of packaged olive oil, whose exports have not exceeded 25 tonnes during the last three years.

This draft amendment provides for the reinstatement of the premium to promote the export of olive oil packaged in 3-litre bottles for a 5- year period. This premium will be paid each year, to the benefit of establishments whose programmes have been adopted by the National Council for Packaged Olive Oil by allocating an overall annual premium of 4 million dinars, according to Taieb.

In addition, the ceilings for bonuses granted under the promotion programmes carried out should be increased.

The cabinet meeting also decided to grant an annual bonus to cover 70% of the cost of inspection and accreditation of organic oil while setting a ceiling of 10 thousand dinars.

Measures relating to the financing and promotion of the internal market have been taken, including the treatment of the sector's debt and the abolition of default interest.

In addition, it was decided to market 500 tonnes of oil bottles (5 litres/bottle) to consumers at preferential prices and to allocate an amount of 50 million dinars to the National Oil Office to carry out the commercial intervention.

With regard to the protection of olive forests against diseases, the cabinet meeting decided to adopt a national plan to combat the "Xylella fastidiosa" bacterium for the 2020/2040 period, while allocating 4 million dinars for 2020.

According to the Minister of Agriculture, further measures will be taken in the coming days to support other sectors, including the grain sector