The world production of olive oil will be 2,618,000 tons in the upcoming 2014/15 season, according to forecasts from the International Centre of Excellence for Olive Oil GEA Westfalia Separator Ibérica. For Spain the estimation for production is of 960,000 tons, 36% of the total global supply and 47% less than in the previous season.
In the report, this decrease has been attributed to the expected drop in production in various areas of Spain such as Jaén, one of the world’s main producers. Specifically, during the last campaign Spanish olive crops accounted for 55% of the world’s total production of olive oil, with a volume of nearly 1.8 million tons.
One of the most significant developments of this study -in whose elaboration have collaborated over 50 olive associations, universities, manufacturers and research groups from five continents- is the significant increase of production in Italy, which will reach 450,000 tons due to the good status of crops in areas of Puglia, Abruzzo, Umbria and Campania. Thus, Italy would increase its production of olive oil 15% compared to the previous campaign, in which, however, did not reach very high figures.Next season expected a world olive oil production will be 2.6 million tons,