Business
Italian olive oil stocks in the United Kingdom are shrinking.
In the first five months of 2021, Italian extra virgin olive oil imports fell by 13 percent. Shipments of other core ingredients of the Mediterranean diet have fallen too. Imports of pasta dropped by 28 percent, and tomato sauce shipments fell 16 percent.
The United Kingdom could become the Trojan horse for Made-in-Italy fake food, a market valued at €100 billion per year.- Coldiretti,
Italian cheeses and wines are also decreasing their market shares in the U.K.
The Italian farmers’ association, Coldiretti, placed the blame for all of this squarely on Brexit. They warned that lengthy administrative procedures, oversized border controls and excessive bureaucracy are putting shipping operations worth up to €3.4 billion per year at risk.
See Also:Olive Oil Trade NewsColdiretti data regarding Italian olive oil exports to the U.K. match those reported in Spain. In the first months of 2021, Spanish olive oil exports to the U.K. fell by 35 percent, with Spanish officials also citing increased bureaucratic hurdles as one of the reasons for the slowdown.
Should this negative trend continue, Italian exporters will be significantly impacted since the U.K. is their fourth market, in terms of volume, behind Germany, France and the United States.
According to a recent study cited by Federvini, the Italian wine producers’ association, 95 percent of British consumers buy Italian products in the supermarkets in the post-Brexit era.
A further 66 percent of the British shoppers like to buy Italian food products and consider them among the top three in the world, in terms of quality. This goes up to 70 percent when shoppers under 55 years of age are considered.
Given the current hurdles for Italian imports, Coldiretti noted that the traditional love for the Italian products in the U.K. might boost the prosperous market of counterfeit goods that are packaged to look like Italian-made ones or marketed with names that resemble those of true Italian food specialties.
Coldiretti said that this was a real risk since cases of counterfeit products with a Protected Designation of Origin or Protected Geographical Indication, ranging from Prosecco wine to Parmigiano Reggiano cheese, have previously been identified in the U.K.
“The United Kingdom could become the Trojan horse for Made-in-Italy fake food, a market valued at €100 billion per year whose main operators are in the United States, which may become a privileged commercial partner for the U.K.,” Coldiretti added.
“The British need to watch out for Italian-branded olive oil and parmesan with an Italian flag on the label, which actually comes from America,” Coldiretti’s Lorenzo Bazzana told The Times of London. “Before Brexit, we could ask the U.K. to crack down on fake Italian foods, but now that it is out of the E.U., we cannot. Hence our fear that things could turn for the worse there.”
“We have already seen it happen in Russia, where the moment sanctions stopped Italian food arriving, Russian parmesan, complete with the Italian flag, appeared in stores,” he added.
The reduction of food import volumes is significant for British consumers too. According to the British Retail Consortium, 30 percent of all food eaten in the U.K. comes from abroad. The largest portion of those imports is fresh vegetables and fruits, most of which come from Europe.
More articles on: Coldiretti, import/export, Italy
Aug. 19, 2024
Terroir, Organic Farming Yield Award-Winning Results for Sicilian Farmer
The producers behind Agrigento-based Naru attribute their World Competition success to sustainably-grown local olive varieties.
Apr. 10, 2024
Farmers Protest European Agricultural Policies in Madrid
The protestors demand exceptions for European environmental regulations that they argue make their products less competitive on the global market.
May. 28, 2024
Spanish Olive Oil Sector Works to Develop Exports to China
As high prices change consumption habits in Europe, Spanish producers and exporters seek to promote olive oil consumption in the world’s second-largest economy.
Oct. 1, 2024
Egypt Aims for Significant Increase in Olive Oil Exports
Officials are developing a strategy to increase exports by expanding production.
Aug. 13, 2024
Spanish Growers Eye Indian Market for Table Olives
A report emphasizes catering to local consumer preferences to capitalize on India's rapidly expanding economy and demand for healthy foods.
May. 13, 2024
Italian Producers Reveal Their Winning Strategies
Italian farmers and millers combined to earn 147 awards at the 2024 NYIOOC World Olive Oil Competition, more than any other country.
Jun. 6, 2024
Pieralisi Appoints New Chief Executive
Coming from the cargo handling sector, the new chief executive plans to focus on increasing its presence in key markets and continuing to develop cutting-edge technology.
Sep. 27, 2024
Climate Chaos Wreaks Havoc on Chilean Harvest
High winter temperatures in the north and relentless rain in central Chile combined to create a perfect storm for olive growers, resulting in the lowest production levels in a decade.