Monthly Archives: October 2017

  • Prices paid to Producers for Extra Virgin Olive Oil

    Graph 1 tracks the weekly movements in the prices paid to producers for extra virgin olive oil in the top three EU producing countries and in Tunisia, while graph 3 shows the weekly changes in producer prices for refined olive oil in the three main EU producer countries. Monthly price movements for these categories are given in Graphs 2 and 4.

    Extra virgin olive oil – Producer prices in Spain have slightly decreased over the last few weeks, coming in at €3.72/kg in the second-to-last week of September 2017, which is a 17% increase compared to the same period the previous year. A comparison of this price with the maximum price in the third week of August 2015 (€4.23/kg) indicates a 12% decrease (Graph 1).

    Italy – Prices in Italy have tapered off in recent weeks, coming in at €5.42/kg in mid-September 2017, which is a 38% year-on-year increase. Graph 2 shows the monthly price movements of the extra virgin olive oil category in recent crop years.

    Greece – The prices in Greece have remained stable in recent weeks, coming in at €3.78/kg, which is a 28% increase compared to the same period the previous year.

    Tunisia – Prices in Tunisia, following a period of stability from mid-April to mid-June, decreased slightly in recent weeks coming in at €3.88/kg in mid-September 2017 for a 20% year-on-year increase.

    Refined olive oil:
    Producer prices for refined olive oil in Spain and Italy generally follow the same trend as the prices for extra virgin olive oil. The price in Spain in September 2017 stood at €3.65 /kg, up by 20% compared to the same period the previous year. In Italy it reached 3.77€/kg, for a 20% year-on-year increase. No price data are available for this product category in Greece.

    In mid-September 2017, the price difference in Spain between refined olive oil (€3.65/kg) and extra virgin oil (€3.72/kg) was of €0.07/kg. In Italy, the price difference between the two categories was greater than in Spain at €1.65/kg (Graph 3).

    International Olive Council MARKET NEWSLETTER No 119 – September 2017

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    Graph 1 tracks the weekly movements in the prices paid to producers for extra virgin olive oil in the top three EU producing countries and in Tunisia, while graph 3 shows the weekly changes in producer prices for refined olive oil in the three main EU producer countries. Monthly... 
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  • Olive oil performance in 2016/17 and estimates for 2017/18

    The meeting of the IOC Statistics Working Group was held on 29 September 2017. According to the provisional data provided by the countries, global production in the 2016/17 crop year is set to reach 2 538 000 t, for a 20% decrease, down by 631 500 t compared to the previous crop year; consumption stands at around 2 740 000 t (-9%); imports and exports are coming in at 799 000 t and 798 500 t respectively.

    The member countries of the IOC produce a total of 2 349 500 t, which are 93% of total world production for 2016/17. EU countries as a whole accounted for 1 744 500 t, which is a 25% decrease for the group. In Spain production at 1 283 600 t dropped by 8.5%, followed by Greece with 195 000 t (-39%), Italy with 182 300 t (-62%) and Portugal with 69 400 t (-36%). In the other IOC member countries, production decreased overall by 8% with a total of 605 000 t, with Turkey heading the group with 177 000 t, reporting a 24% increase, followed by 110 000 t in Morocco (-15%), 100 000 t in Tunisia (-29%), 63 000 t in Algeria (-23%), while the remaining countries report a total of 155 000 t.

    Consumption in IOC member countries totalled 1 926 500 t, which is an 11% year-on-year decrease. In other non-member countries, consumption is set to come in at around 813 500 t for a 2% year-on-year decrease.

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    The meeting of the IOC Statistics Working Group was held on 29 September 2017. According to the provisional data provided by the countries, global production in the 2016/17 crop year is set to reach 2 538 000 t, for a 20% decrease, down by 631 500 t compared to the previous crop... 
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  • 1

    WORLD TRADE IN OLIVE OIL AND TABLE OLIVES

    1. OLIVE OIL – 2016/17
    Imports in olive oil and olive pomace oil in the first ten months of this crop year (October 2016 – July 2017) in the eight markets in the table below point to an increase of 25% in Brazil; 20% in Australia; 10% in China; 8% in Russia; 1% in Canada, and stable figures in Japan. In the United States, however, imports decreased by 5% compared to the previous crop year. EU figures1 for the first nine months of the current crop year (October – June 2017) indicate that intra-EU acquisitions increased by 5% and extra-EU imports decreased by 6% compared to the same period the previous year.

    2. TABLE OLIVES – 2016/17
    In the first eleven months of the 2016/17 crop year2 (September 2016 – July 2017) in the five markets listed in the table below, imports increased by 18% in Brazil and 6% in Australia; they however decreased by 5% in Canada and by 2.5% in the United States compared to the same period of the previous crop year. EU3 figures for the first ten months of the 2016/17 crop year (September 2016 – June 2017) indicate that intra-
    EU acquisitions increased by 1% while extra-EU imports increased by 5% compared to the previous crop year.

    International Olive Council MARKET NEWSLETTER No 119 – September 2017

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    1. OLIVE OIL – 2016/17 Imports in olive oil and olive pomace oil in the first ten months of this crop year (October 2016 – July 2017) in the eight markets in the table below point to an increase of 25% in Brazil; 20% in Australia; 10% in China; 8% in Russia; 1% in Canada,... 
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  • The Olive Oil School of Spain launches specialised training in English

    It is widely accepted that interest in virgin olive oil, and especially extra virgin olive oil, is growing, and for good reason.

    A culture of health and eating well, along with the rise of attention given to gastronomy in the media has brought virgin olive oil into the limelight. Olive oil is making its way into consumer households, most notably in countries where it is not produced, and where olive oil is not traditionally consumed.

    The Olive Oil School of Spain launches two Olive Oil Sommelier Courses to be held in Valencia, Spain, by the end of October 2017.

    “We are passionate about creating greater awareness of the benefits of extra virgin olive oil throughout its value chain. Our programs are designed to help growers, professionals and everyday users of quality olive oil learn more about this important contribution to gastronomy and health,” says Susana Romera, Technical Director of the Olive Oil School of Spain.

    The Olive Oil School of Spain won the First prize in the AEMO National Spanish Competition in 2014 for promoting olive culture.
    Detailed information:
    Olive Oil Sommelier Course. Level 1.
    24th to 26th October 2017
    Olive Oil School of Spain
    English
    Valencia, Spain
    Olive Oil Sommelier Course. Level 2.
    30th, 31st October and 1st November 2017
    Olive Oil School of Spain
    English
    Valencia, Spain
    More information about Olive Oil School of Spain at:

     

    Marta González Eguizábal
    Escuela Superior del Aceite de Oliva
    Directora Ejecutiva
    (+34) 647 06 29 56
    www.evcata.es

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    VN:F [1.9.22_1171]
    Rating: 10.0/10 (2 votes cast)
    VN:F [1.9.22_1171]
    Rating: +1 (from 1 vote)
    It is widely accepted that interest in virgin olive oil, and especially extra virgin olive oil, is growing, and for good reason. A culture of health and eating well, along with the rise of attention given to gastronomy in the media has brought virgin olive oil into the limelight. Olive... 
    Read More →