Economy

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.

 

Olio Officina

Canada leads oil market

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.

Olio Officina

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