The mills of the Peninsula are running out of olive oil.

The prices at origin on the quality of extra virgin olive oil are already above the 4 € per kilo.

Stocks are depleted olive oil in oil mills, while packing treasure the little oil left that is destined to supply the markets until it begins to enter production next harvest.

In this situation, gate prices on quality extra virgin already are above the 4 € per kilo. This has been reflected in the latest report on the market for Olive Oil and Table Olive with data 31 July of 2015 of the Information Agency and Food Control (AICA).

Stocks of olive oil 31 July were of 330.700 tons. Of this amount, 143.000 tons are in almazaras, 4.300 tonnes in Community Heritage and Olivarero 183.400 tons in the hands of packagers.

Spokesman and manager of ASAJA-Jaen, Luis Carlos Valero, He stressed that "today, envasadoras stocks are higher than the ones in almazaras, something that had never occurred ".

Also, noted that although missing a month before the start of the next season "As we have said in Asaja since last April, there will be no link campaign because, Technically the stock will be null ".

The report of the AICA also highlight market outlets in July that have been 107.500 tons, while the AICA itself has estimated a imports 11.000 tons. In the last month, the oil price trend has been upward.

"With the shortage of product and lack of rain, the price has continued in its escalation and, in cases such as extra virgin, surplus has exceeded the barrier of four euros per kilo. Sales have remained as in previous weeks, coming at a steady pace, but scarce, to supply an avid market for a liquid gold that ends at the wineries ", indicated Valero.

Also, He reiterated the need to "regulate the market for olive oil" to avoid sawtooth prices that hurt "enormously" consumer. "We run the risk that the end consumption diverted to other fats and then it is very difficult, if not practically impossible, retrieve ", He has insisted spokesman and manager of Asaja-Jaen.

From the agricultural organization They consider that there will be no shortage of olive oil because "the market is being regulated solely by the law of supply and demand".

Prices have crossed the historical barrier 4 EUR and because "many consumers who directly are excluded because they can not afford market prices".

The sights are now set on next season and the need for the rains to ensure harvest, according Valero, It could be "medium-high" if finally the weather behaves and reach the coveted rains.