- Imports in table olives in the first 11 months of the 2015/16 crop year (October 2015 – August 2016) in the six markets that appear in the table below presented a year-on-year increase of 7% in Australia, 3% in Canada and a 1% increase in the United States. However, imports...
Imports in table olives in the first 11 months of the 2015/16 crop year (October 2015 – August 2016) in the six markets that appear in the table below presented a year-on-year increase of 7% in Australia, 3% in Canada and a 1% increase in the United States. However, imports decreased by 4% in Brazil, and by 2% in Russia.
EU data for the first ten months of 2015/16 (October 2015 – July 2016) present a year-on-year increase of 2% in intra-EU acquisitions and of 3% in extra-EU acquisitions.
II. PRODUCER PRICES – OLIVE OILS
Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price movements for these two grades of oil are tracked in Graphs 2 and 4.
Extra virgin olive oil: Producer prices in Spain fell slightly in the last few weeks coming in at €3.14/kg in the third week of October, which is a 1% year-on-year decrease. If we compare this price with the maximum price of the third week in August 2015 (€4.23/kg) it presents a 26% decrease (Graph 1).
Italy – Producer prices in Italy started to climb in mid-August, which intensified at the beginning of October, breaking the €4 barrier to reach €4.40/kg in mid-October, at the same level year-on-year. Graph 2 shows how the monthly prices of extra virgin olive oil behaved in recent crop years.
Greece – Prices in Greece have remained stable since mid-August, standing at €2.95/kg in the third week of October 2016, which was a 10% year-on-year decrease.
Tunisia – The prices in Tunisia fell in August 2016 before rising in the first three weeks of September. They have remained stable over the last few weeks, standing at €3.23/kg in the third week of October 2016, which is a 13% decrease compared to the previous year.
Refined olive oil: The prices of refined olive oil in Spain and Italy generally follow the same trend as the
price of extra virgin olive oil. In Spain, they came in at roughly the same level as the previous month, at €3.04/kg,
down by 10% compared to the previous year. However, while prices for virgin oils in Italy rose in recent weeks,
refined olive oil remained stable, coming in at €3.13/kg in mid-October, which is a 7% fall on the same period the
previous year. No price data are available for this product category in Greece.
In mid-October 2016, the price of refined olive oil (€3.04/kg) and extra virgin olive oil (€3.14/kg) differed by
€0.10/kg in Spain. In Italy, the difference in price between the two categories is wider than in Spain at €1.27/kg
Source: International Olive Council MARKET NEWSLETTER No 108 – October 2016VN:F [1.9.22_1171]VN:F [1.9.22_1171]
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- The IOC will participate in COP22, which will be held from 7 to 18 November 2016 in Marrakech. The Conference of the Parties (COP) is an annual conference on climate change organised under the auspices of the United Nations. The twenty-second conference (COP22) will focus on...
The IOC will participate in COP22, which will be held from 7 to 18 November 2016 in Marrakech. The Conference of the Parties (COP) is an annual conference on climate change organised under the auspices of the United Nations.
The twenty-second conference (COP22) will focus on the mitigation of the effects of global warming and innovation in relation to climate change. The IOC will present its paper “Olive oil: the liquid gold helping reduce greenhouse gases” on 16 November from 9.00 to 10.30 hours, in the Green Zone area for side events.
The IOC will present results that indicate that when the proper agricultural practices are applied, the carbon sink effect (i.e. CO2 sequestration) of the olive tree (in its biomass and the soil) is much higher than the greenhouse gases emitted to produce one production unit (one litre of virgin or extra virgin olive oil).
INTERNATIONAL SEMINAR ON XYLELLA FASTIDIOSA
The IOC will hold a seminar in collaboration with CIHEAM on the bacterium Xylella Fastidiosa from 28 to 30 November 2016 in Bari (Italy)
The objectives of the seminar, in addition to providing an overview of the current situation and the development of this disease, are to produce recommendations and conclusions and draft a technical handbook containing general guidance to prevent, identify, contain and control an infestation like that of Xylella fastidiosa.
This handbook will be decisive for the implementation of all the protocols available to protect the olive tree from this bacterium and will be a useful instrument, not only for the relevant control and certification authorities, but also for sectoral technical officers.VN:F [1.9.22_1171]VN:F [1.9.22_1171]
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