News

World trade in olive oil and table olives (November and December 2018)

International Olive Council

1. OLIVE OIL – 2017/18

Imports in olive oil and olive-pomace oil at the close of the 2017/18 crop year (October 2017 – September 2018) increased by 29% in Brazil, 18% in Canada and 2% in the US. They remained stable in Japan. Russia [1] and Australia [2] recorded a 2% and 3%, respectively, in the eleven months of the crop year. Data from China have notbeen available since April but the first six months of the year a fall of 8% in imports compared to the sameperiod the previous crop year.

Figures for the EU [3] in the first eleven months of the crop year indicate that extra-EU imports increased by 97%, where Tunisia was the main contributor to this rise, and intra-EU acquisitions fell by 3% compared tothe same period the previous crop year.

2. TABLE OLIVE – 2017/18

Trade in table olives at the close of the 2017/18 crop year [4] increased by 9,3% in Canada, but fell by 3,8% in Brazil, 3,4% in the US and 1,9% in Australia compared to the same period the previous crop year.

EU figures during the first eleven months of the 2017/18 crop year show a 0,1% increase in intra-EU acquisi-tions and 16,7% in extra-EU acquisitions compared to the same period the previous crop year.

[1] Data for Russia for September 2018 were not available at the time of publishing this news.

[2] Data for Australia for September 2018 were not available at the time of publishing this news.

[3]  EU data for September 2018 were not available at the time of publishing this news.

[4] According to the new provisions of the International Agreement on Olive Oil and Table Olives, 2015, which came into force on 1January 2017, “table olive crop year” means the period of twelve months from 1 September of one year to 31 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).

International Olive Council

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