Canada leads oil market
Here are most recent datas from International Olive Council, the intergovernmental organisation that brings together olive oil and table olive producing and consuming stakeholders. A starting point to know trends in olive oil and table olive market 2013/14 and and new distribution opportunities.
According to the International Olive Council, trade in olive oil and olive pomace oil through the first eleven months of the 2013/14 crop year from October 2013 until August 2014 show higher imports by Canada (+14 pc), Australia (+8 pc), the United States (+3 pc after imports started to rally in April 2014) and Japan (+2 pc), although the 12-month figures for Japan report an increase of 4 pc versus 2012/13. Import levels are lower for China (-13 pc) and Brazil (-2 pc). In the case of Russia, data are only available up to April 2014, i.e. for the first seven months of the season, and reflect an increase of 8 pc in imports. The figures for the first ten months of the season (October 2013–July 2014) flag up a 16 pc increase in intra-EU acquisitions and a drop of 62 pc in imports from outside the EU versus the same period in 2012/13. This fall in extra-EU imports seems logical, given Spain’s high production in 2013/14, amounting to 1 780 200 t.
As to world table olive market, in the first eleven months of the 2013/14 crop year imports increased by 3 pc in Brazil, remained practically unchanged in Canada and dropped by 5 pc in the United States and 1 pc in Australia. Taking into consideration that the data for Russia are only available up to April 2014, i.e. for the first seven months of the season and show a period-on-period drop of 12 pc. In the first ten months of the crop year, intra-EU acquisitions dropped by 8 pc while imports from non-EU countries increased by 11 pc.
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