The Greek government has warned of a potential European Union (EU) olive oil glut, calling on the European Commission to postpone a planned low or zero duty import quota.
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Greece, plus Italy, Spain, Cyprus and Slovenia warned the EU Council of Ministers of strong 2005 European production, because of excellent climate conditions, with Rome predicting two million tonnes-plus yields.
The Commission said an olive oil advisory group would meet 7 November to consider the problem.
Meanwhile, France raised concerns that shallots were being sold in the EU grown from seeds, instead of bulbs. The French called for the filling of a “legal vacuum” regarding an EU shallot definition.

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By GlobalData