Argentina President Promises Aid for Battered Olive Oil Industry

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wk-italian_olive_oil_2007By Sarah Schwager for OliveOilTimes.com

Argentina’s president Cristina Fernández de Kirchner has pledged federal government help to the country’s battered olive oil industry following 200 layoffs in the Catamarca region amid rising costs, low crop yields, the low international price of oil and difficulties acquiring labor.

Catamarca Federal MP Dalmacio Mera announced that the aid will come in the form of both short-term help, so as to ensure the upcoming harvest takes place, and medium- and long-term help in order to sustain production in the province.

The announcement came after Mera met with the President to raise the concerns of the industry, a major source of income for the largely arid province, which in terms of agriculture relies on olives, wine, tobacco, nuts and corn. Catamarca is the largest producer of olives and olive oil in the country.

Mr. Mera said the president promised “immediate solutions to reverse the scenario and avoid further layoffs” and technicians have already begun to arrive in the province this week to integrate the government’s responses.  He says the most pressing need will be.. Read full article

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