Olive oil, the 2016/17 drop year continues with a robust increase in imports

Imports in olive oil and olive-pomace oil in the 2016/17 crop year continue to report strong increases in certain markets. In the first four months (October 2016 – January 2017) the markets listed in the table below grew by 73% in Australia; 38% in Brazil; 32% in China; 20% in Canada; 16% in Japan; and by 4.5% in the United States, compared with the same period the previous year. At the time of publishing this newsletter, data for Russia were only available for the month of December 2016, showing a 9% year-on-year increase.

EU figures for the first three months of the current crop year (October – December 2016) report that intra-EU acquisitions and imports from outside the EU both rose by 11% compared to the same period of the previous crop year.

Olio Officina