OLIVE OIL – OPENING OF THE 2017/18 CROP YEAR
Imports of olive oil and olive-pomace oil in the eight markets that appear in the table below began the first five months of the 2017/18 crop year (October 2017 – February 2018) with increases in Brazil (16%), Japan, Russia (both 7%) and Canada (2%). Imports however decreased in Australia by 24% and in the United States by 1%. In the case of China, data for February were not available at the time of writing the Newsletter, but imports remained stable in the first four months of the campaign compared to the same period the previous crop year.
In the first four months of the crop year, the EU [data for the month of February were not available] posted a 36% year-on-year increase in extra-EU imports and a 4% decrease of intra-EU acquisitions.
TABLE OLIVES- OPENING OF THE 2017/18 CROP YEAR
Imports of table olives in the first six months of the 2017/18 crop year (September 2017–February 2018) [According to the new provisions of the International Agreement on Olive Oil and Table Olives, 2015, which came into force on 1 January2017, “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 2015Agreement, the crop year for table olives was the same as that for olive oil (October to September)] shows an increase of 5% in Canada and decreases in the rest of markets, down by 8% in Australia, 5% in Brazil and 4% in the United States compared to the same period the previous crop year.
In the first five months of the crop year, the EU [data for the month of February 2018 were not available] posted a 4% increase in intra-EU acquisitions and a 13% increase in extra-EU imports compared to the same period the previous crop year.
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