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

International Olive Council