International trade of olive oils and table olives, July-August 2018

OLIVE OIL – CROP YEAR 2017/18

Trade in olive oil and olive-pomace oil in the eight markets listed in the table below close the first nine months of the 2017/2018 crop year (October 2017 – June 2018), with an increase of 29% in Brazil, 9% in Canada, 2% in the US, and with Japan remaining stable compared to the same period the previous year. Imports, however, fell by 5% in Australia, and 1% in Russia during the first eight months of the crop year up until June; the data from Russia for the month of June were not available. As for China, data had not been available since April 2018 at the time of publishing this Newsletter. In the first six months of the crop year, China’s imports fell by 8% compared to the same period the previous year.

Trade in the EU [data for the month of June 2018 were not available] during the first eight months of the crop year showed an increase in extra-EU imports of 98%. The country most involved in this increase is Tunisia, which saw a 118% increase compared to the same period the previous year. Intra-EU acquisitions fell 8% compared to the same period the previous year.

TABLE OLIVES – CROP YEAR 2017/18

Trade in table olives in the first ten months of the 2017/2018 crop year [According to the new provisions of the International Agreement on Olive Oil and Table Olives, 2015, which came into force on 1 January 2017, “table olive crop year” means to the period of twelve months from 1 September of year until 31 of August of the next. Under the 2005 Agreement, the crop year for table olives was the same as that for olive oil (October to September)] (September 2017 – June 2018) showed growth in Canada of 11% and falls in the rest of the markets : 4% in Australia, 5% in Brazil and 3% in the US compared to the same period the previous year. The data from Russia were not available for June, but in the first eight months, imports fell by 1%. Data from China has not been available since April, but in the first six months of the crop year, imports fell by 8% compared to the same period the previous year.

Trade with the EU [data for the month of June 2018 were not available] of table olives in the first nine months of the 2017/2018 crop year showed growth: 5% in intra-EU acquisitions and 19% in extra-EU imports compared to the same period the previous year.

Photo by Olio Officina

International Olive Council