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World Trade in olive oil and table olives

The IOC issued the latest data on international trade in olive oils and table olives, data for the current marketing year compared with the previous season for the same period

International Olive Council

World Trade in olive oil and table olives

Olive oil – 2018/19 Marketing Year

The table below shows trade figures for olive oil and olive-pomace oil in the top eight markets in the first ten months of the current crop year (October 2018 – July 2019). Increases were found in Japan (23%); Russia (14%); Brazil (13%); China (12%); the US (9%); Australia (3%); and Canada (1%) compared to the same period of the previous crop year.
In the first nine months of the current crop year, intra-Eu purchases increased by 5% and extra-EU imports decreased by 11% compared to the same period of the previous crop year.

Table Olive – 2018/19
The table below shows trade in table olives in the first eleven months of the 2018/19 crop year (September 2018 – July 2019) [2]. Increases were found in the US (18%); Australia (8%); Brazil (7%); and Canada (2%) com- pared to the same period of the previous crop year.
In the first ten months of the 2018/19 crop year (September 2018 – June 2019), intra-Eu acquisitions rose by 2% and extra-Eu imports remained stable compared to the same period the previous crop year

Prices in origin – Olive Oils
Graph 1 shows the weekly producer price movements of extra virgin olive oil in the top three producer countries of the Eu and Tunisia. Graph 3 shows the weekly producer price movements of refined olive oil in the top two producer countries of the Eu. Price movements by month can be found in graphs 2 and 4.

Extra virgin olive oil – Producer prices in Spain in the third week of August stood at €2.21/kg, an 20% fall compared to the same period the previous crop year (Graph 1).

Italy – Prices in Italy in the second week of July 2019 stood at €4.95/kg, so they remain stable compared to the same period the previous crop year.

Greece – Prices in Greece in the second week of August 2019 stood at €2.68/kg, so they remain stable
compared to the same period the previous crop year.

Tunisia – Prices in Tunisia were stable in the last weeks of June 2018, coming in at €3.43/kg, an 18% fall compared to the same period the previous crop year.

Refined olive oil – Prices in Spain stood at €2.03/kg in the third week of August, a fall of 18% compared to the same period the previous crop year. Data for Italy have not been available for this category since late December 2017, when they had risen by 4% to €3.56/kg.
By the third week of August 2019, the price difference in Spain between refined olive oil (€2.03/kg) and extra virgin olive oil (€2.21/kg) was €0.18/kg. In Italy, the difference in December 2017 was €0.43/kg (see Graph 3).

The opening photo is made by Olio Officina

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