Daily Archives: April 10, 2014

  • IOC: World market for Olive Oil, Table Olives and its Producers Prices

    Between October 2013 and January 2014, the first four months of the 2013/14 crop year, trade in olive oil and olive pomace oil decreased by 30 pc in China, 20 pc in Australia, 9 pc in Brazil, 8 pc each in Canada, Russia and the United States and 1 pc in Japan.

    The EU data for January 2014 were not available at the time of publication, but the figures for the first three months of the season (October–December 2013) report a drop of 2 pc in intra-EU acquisitions and of 10 pc in extra-EU imports compared with the same period of the previous crop year.

    Further scrutiny of the figures for January 2014 reveals that imports by Australia, Japan, the United States and Canada have picked up from the level of December 2013, unlike China, Brazil and Russia where they continue downwards.

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    Table olive imports in the first four months of the 2013/14 crop year (October 2013–January 2014) rose by 6 pc in the United States and 3 pc in Australia but fell by 13 pc in Russia, 12 pc in Canada and 10 pc in Brazil. Again, the EU data for January 2014 were not available when writing this newsletter. However, in the first three months of the crop year, intra-EU acquisitions dropped by 8 pc and imports from non-EU countries by 3 pc.

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    OLIVE OIL PRODUCER PRICES
    Graph 1 tracks the weekly movements in the prices paid to producers for extra virgin olive oil in the three top EU producing countries plus Tunisia while Graph 3 shows the weekly changes in the producer prices for refined olive oil in the three main EU producers. The monthly price movements for the same two grades of oil are given in Graphs 2 and 4.

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    Between October 2013 and January 2014, the first four months of the 2013/14 crop year, trade in olive oil and olive pomace oil decreased by 30 pc in China, 20 pc in Australia, 9 pc in Brazil, 8 pc each in Canada, Russia and the United States and 1 pc in Japan. The EU data for... 
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  • Trends in imports of olive oil and olive pomace oil in Japan

    By the close of the 2012/13 crop year, imports by Japan totalled 53 949 t, up by 18 pc on the previous season.

    As can be seen from Table 1, showing itemised imports by country of origin, 93 pc of aggregate imports was from EU countries, led by Italy with 48 pc, Spain with 44 pc and Greece with 1 pc.

    Between 2007/08 and 2012/13 Spain has thus increased its market share by 4 points from 40 pc to 44 pc whereas Italy has lost two points, going down from 50 pc to 48 pc.

    The remaining 7 pc of imports came from non- EU countries, notably Turkey.

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    Source IOC MARKET NEWSLETTER
    No 81 – March 2014

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    By the close of the 2012/13 crop year, imports by Japan totalled 53 949 t, up by 18 pc on the previous season. As can be seen from Table 1, showing itemised imports by country of origin, 93 pc of aggregate imports was from EU countries, led by Italy with 48 pc, Spain with 44... 
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  • Category shares under the itemised nomenclature for virgin olive oils in USA - IOC Market Newsletter

    July 2013 saw the introduction of a new tariff nomenclature for virgin olive oils (heading 150910) by the Foreign Agricultural Service of the United States Department of Agriculture where more detailed itemisation allows greater differentiation between the different types of oil.

    The old single category listed under code 1509102000 (virgin olive oil under 18 kg) is now broken down into four categories – organic extra virgin olive oil; extra virgin olive oil; organic virgin olive oil and virgin olive oil – for product weighing under 18 kg.

    The same applies to former category 150910400, now also broken down into the four categories for product weighing over 18 kg. Besides adding to market transparency, this further differentiation allows more accurate analysis of the import shares of the various types of oil.

    Over the seven months from July 2013 to January 2014, the biggest entry was for extra virgin olive oil (83 832.6 t), which accounted for 49 pc of total import volume, 34.5 pc of which (58 685.9 t) was imports of product weighing <18kg (see Chart 1) and 14.5 pc (25 146.7 t) in bulk, i.e. >18 kg (Chart 2). Organic extra virgin olive oil had a 12 pc slice (19 924.3 t) of total imports; 7 pc (12 026.9 t) was packed and 5 pc (7 897.4 t) was imported in bulk.

    Next down the line was virgin olive oil with 4 pc (6 884 t) of total volume, almost all of which was imported as product weighing more than 18 kg, and organic virgin olive oil with only a 1 pc share.

    Charts 1 and 2 give the import volumes of the different categories of virgin olive oil by product weight.

    The data for the other categories of oil continue to be presented in the usual way in the US nomenclature (under heading 150990 for olive oil and 151000 for olive pomace oil).

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    Source IOC MARKET NEWSLETTER
    No 81 – March 2014

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    VN:F [1.9.22_1171]
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    July 2013 saw the introduction of a new tariff nomenclature for virgin olive oils (heading 150910) by the Foreign Agricultural Service of the United States Department of Agriculture where more detailed itemisation allows greater differentiation between the different types of... 
    Read More →