Olive Oil, estimates 2019/20 crop year
Olive oil production has tripled in the last 60 years, reaching 3 379 000 t in the 2017/18 crop year. The production estimate for the 2019/20 crop year puts production at 3 144 000 t (-2.3%). World consumption could reach 3,094,000 t, an increase of 6.4% over the previous crop year
According to official data from the countries and estimates from the Executive Secretariat, world production in the 2019/20 crop year is estimated to be around 3 144 000 t, which will mean a decrease of around 2.3% compared to the previous crop year. Imports and exports are estimated to exceed 950 000 t respectively.
IOC member countries estimate a total production of 2 942 500 t, which will represent 93.6% of the world total for the 2019/20 crop year and a decrease of 3.2% compared to the previous year.
Producer countries in the EU are forecasting a production of 2 011 000 t, a fall of 11.1% .
The rest of member countries are estimated to produce a total of 931 500 t, with an increase of 155 500 t, 20.0% more than the previous crop year.
World consumption could reach 3,094,000 t, an increase of 6.4% over the previous crop year.
The provisional data for the 2018/19 crop year show world production at 3 217 500 t, 4.8%, or 161 500 t, less than the previous crop year. Consumption is expected to fall by 4.3%, standing at 2 909 000 t, and imports and exports are to total 968 500 t and 971 500 t respectively.
IOC member countries produce a total of 3 039 500 t, representing 94.5% of the world total for the 2018/19 crop year. European countries total 2 263 500 t, an increase of 3.4% on the previous crop year. Spain is expected to produce the most, with 1 789 900 t (+41.8%), followed by Greece 185 000 t (-46.5%), Italy (-59.5%) and Portugal 100 316 t (-25.6%).
Production in other member countries is to fall by 22.9% to 776 000 t: Turkey leads with 193 500 t (-26.4%), followed by Morocco 200 000 t (+42.9%), Tunisia 140 000 t (-56.9%), Algeria 97 000 t (+17.6%), and the rest to total 145 500 t. As for consumption, member countries total 2 009 500 t, a fall of 8%, and non-IOC member countries total 899 500 t, an increase of 5.3% over the previous crop year.
Photo by Giorgio Sorcinelli
To comment you have to register
If you're already registered you can click here to access your account
or click here to create a new account
Comment this news