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World trade of olive oil and table olives, June 2018

International Olive Council

World trade of olive oil and table olives, June 2018

1. 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 close the first seven months of the 2017/18 crop year (October 2017 – April 2018), with an increase of 29% in Brazil, of 5% in both Canada and Japan, and of 2 % in the United States. Imports however decreased by 17% in Australia and by 1% in Russia compared to the same period the previous year. Data on imports to China were not available for the month of April at the time of publishing this Newsletter. In the first six months of the crop year imports in China decreased by 8% compared to the same period the previous year.

In the first six months of the crop year, the EU [data for the month of April 2018 were not available] posted a 73% year-on-year increase in extra-EU imports and a 11% decrease in intra-EU acquisitions.

2. TABLE OLIVES - OPENING OF THE 2017/18 CROP YEAR

Imports of table olives in the first eight months of the 2017/18 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 2015 Agreement, the crop year for table olives was the same as that for olive oil (October to September)] (September 2017–March 2018) shows increases of 8% in Canada and decreases in the rest of markets, of 6% in Australia, 5% in both the United States and Brazil, compared to the same period the previous crop year.

In the first seven months of the 2017/18 crop year, the UE [EU data for the month of April 2018 were not available when this news was sent for publication] posted a 3% increase in intra-EU acquisitions and a 18% increase in extra-EU imports compared to the same period the previous year.

Photo by Trampolini

International Olive Council

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