At the meeting held yesterday evening, 8th November, the Board of Directors of the DOP Riviera Ligure Olive Oil Protection Consortium unanimously approved the following:
– To increase the cost of the label from € 1.00 to € 1.40 per litre of bottled DOP Riviera Ligure Olive Oil
- The production-chain agreement for the next two olive-growing seasons, with the following points:
Duration of the agreement: the new feature is its validity for the next two olive-growing seasons (2011-2012 and 2012-2013).
Reimbursement for the cost of the label: € 1.00 per litre. Minimum purchase price for the olives (20% yield): 2011-2012 olive-growing season: € 17.00 (VAT included). 2012-13 olive-growing season: € 18.00 (VAT included)
Traceability of payments. Wire transfer or cheque accompanied by bank documentation proving the payment of the price.
Deadlines for the submission of documentation to benefit from the reimbursement of the cost of the label. Retroactive effectiveness of the Production-Chain Agreement
“Taking into account the various positions expressed by the members of the Board of Directors, I think that the decision made is positive because, for the first time, the production-chain agreement is valid for more than one year, with the minimum price for olives increasing each year. A production-chain agreement with these features will allow the operators of the DOP Riviera Ligure Olive Oil supply chain to make plans for future investment and growth in a difficult period of economic crisis,” said Carlo Siffredi , President of the DOP Riviera Ligure extra-virgin olive oil Protection Consortium
