On prices in origin, Juan Vilar has stressed that “a restrained upward trend will continue until the start of the campaign in Portugal, which will happen in about two weeks. From there, if the trend of the offer is ratified, prices should keep stable, after falling between 5 and 15%, in between 2.2 and 2.5 euros per kilo. ”
GEA Westfalia Separator Ibérica has detailed that overall supply will be affected by 21% over the last season and the same thing will happen adding both prospective supply and inventories that may be available in mid October. Thus, during 2014/15, the company expects global available supply of olive oil in the world to be 20% lower than during the previous season.
In those areas of olive oil supply, the Centre pointed out that there are currently 47 producing countries following recent additions of Armenia and Namibia.
Furthermore, the product is consumed in 110 countries, and the largest global applicants are Italy, Spain, Greece and the United States.Next season expected a world olive oil production will be 2.6 million tons,