started · updated
Italy launches 40 million euro support for olive oil mills
The Italian Ministry of Agriculture, Food Sovereignty and Forestry has announced the ‘Cambiale Frantoi Oleari’, a 40 million euro measure managed by ISMEA to support olive oil mills. The initiative provides zero-interest loans ranging from 3,500 to 50,000 euros to active mills registered in the SIAN system. The financing is designed to provide liquidity during the production phase, featuring a five-year term with a two-year grace period.
In a meeting with Coldiretti, Agriculture Minister Francesco Lollobrigida emphasized that these funds aim to protect the income of farmers and ensure the quality of Italian oil by supporting legitimate businesses. To combat fraud and ensure transparency, industry associations like Unifol are advocating for the immediate implementation of an ‘electronic bill’ (bolla elettronica) for bulk oil movements exceeding 100 kg. This digital tool would link shipments to SIAN telemetric registers, allowing for real-time traceability and more effective inspections during transport.
Entities
Coldiretti · Francesco Lollobrigida · ISMEA · MASAF · Ministry of Agriculture, Food Sovereignty and Forestry · Unifol
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The total budget allocated for the new olive oil mill support measure is 40 million euros. www.radiostudio90italia.it · askanews.it
- [○ 1 SOURCE] The 'Cambiale Frantoi Oleari' initiative will provide zero-interest loans ranging from 3,500 to 50,000 euros. askanews.it
- [○ 1 SOURCE] Coldiretti requested strict verification of oil stock data to prevent fraud and unfair competition. www.radiostudio90italia.it
- [○ 1 SOURCE] Unifol supports the implementation of electronic waybills for bulk oil transfers exceeding 100 kg to improve traceability. laragione.eu
- [○ 1 SOURCE] The Ministry of Agriculture is launching the 'Cambiale Frantoi Oleari' measure to support the olive oil sector. askanews.it
- [○ 1 SOURCE] The Ministry is planning an extraordinary campaign of rigorous controls at storage sites, mills, and distribution centers. www.radiostudio90italia.it
- [○ 1 SOURCE] Applications for the funding will be managed online through the Ismea portal starting in October. askanews.it
- [○ 1 SOURCE] Loans have a five-year duration with a two-year grace period before quarterly repayments begin. askanews.it