Definition

See +

private storage

almacenamiento privado

stockage privé

私人库存货物 /sīrén kùcún huòwù/

Commerce | n. phr.

A pricing control strategy whereby firms receive financial compensation for each kilogram of oil stored for a fixed period of 6 months, during which they pledge to seal the oil storage tanks and not to bring it out to the market.

Example

Rafael Sánchez de Puerta, director general of the Andalusian Federation of Agricultural Cooperative Enterprises (FAECA), said today that private storage aid was the only measure that could help Spain´s olive oil sector recover.

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