You are at B2B e-marketplace dedicated to helping Extra Virgin Olive Oil Export Companies from Greece & from over the world promote their Olive Oil business online.
Imports of olive oil rose by 23.3% in the first ten months of the 2019/20 crop year compared to the same period the previous crop year. Since the covid-19 pandemic was declared in March 2020, imports have risen by 42.3% compared to the same period the previous year.
Between March and July 2020, imports of olive oil rose significantly in the main import markets. Imports rose in all markets by at least 20% compared to the same period the previous crop year, except China and Japan, which saw increases of 10.4% and 1.9% respectively.
Overall, all markets saw growth between March and July 2020 compared to the same period the previous year, particularly in the EU, where imports shot up with sustained growth of over 100%.
Between March and July 2020, imports rose in Tunisia (219.4%), Italy (20.1%), Portugal (98.3%), Turkey (12.1%) and Greece (7.8%) compared to the same period the previous crop year. Spain was the only to fall among countries with market shares of over 1%.
International Olive Council IOC NEWSLETTER_154_EN
The 55th meeting will take place from 10am to 5.30pm on 10 November 2020, just under two weeks before the 112th session of the Council of Members and the first since the outbreak of covid-19.
The committee usually meets twice a year. But in 2020, the spring meeting was cancelled due to the pandemic. The Committee will meet by videoconference, and
the Executive Secretariat will connect from IOC headquarters in Madrid.
Among the topics of interest are: the signing and ratification of new accessions to the International Agreement on Olive Oil and Table Olives 2015; the results of the 110th and 111th sessions; information on the activities of the economic and promotion, chemical and standardization, technical and environmental and observatory units.
The Committee will discuss the 2020/2021 crop year, renew its representatives for the 2020-2023 period and examine draft decisions for adoption by the Council of Members.
The meeting will include simultaneous interpretation into the five official languages of the IOC: Arabic, English, French, Italian and Spanish
International Olive Council IOC NEWSLETTER_154_EN
Although Brazilian olive oil and olive-pomace oil 60 139.9 t, they have not reached the average volumes of the last four crop years. As regards the imports, 84% of the total comes from European countries: 6% and Greece with 1%; the remaining 16% comes from Argentina (9%), Chile (6%) and other countries (1%). Table 1 shows import trends over the last five crop years. It shows how Portugal, which is the first exporter to Brazil, maintains its leading position in this market imports decrease by 14 734 t (-24%).
This decline is attributed to the economic crisis and the devaluation of the Brazilian currency; following the increase in the last crop year, presents the development of Brazilian imports over more than 20 crop years, reached its maximum point in the 2012/13 crop year. The monthly movements of this market are shown in Section I.1.
Over the last ten crop years (Graph II) the trend in imports per product category has altered considerably. In the 2006/07 crop year, imports of virgin olive oil and olive oil were practically level (48% and 47%, respectively), while imports of olive pomace oil stood at 5%. Currently, 87% of imported oil is of the virgin or extra virgin olive oil category, 12% is olive oil and only 1% is olive pomace oil.
International Olive Council MARKET NEWSLETTER No 120 – October 2017
The Brazilian table olive market performed well in the 2016/17 crop year (September 2016 – August 2017) reaching 114 283.85 t which is an 18% increase compared to the previous year. Graph III shows that imports over the last 20 crop years have gone from 4 6849.7 t in 1996/97 to 114 283.85 t in 2016/17, resulting in a 144% increase.
Table II shows the imports of the last crop year per country of origin. Argentina is the largest provider in this market with 54% of the volume of imports (61 874.86 t), followed by Egypt with 27% (31 064.43 t); Peru with 10% (11 754.13 t), Spain with 7% (7 914.87 t) and Portugal with 1% (1 068.47 t). Section I.2 shows the monthly movements of this market.
International Olive Council MARKET NEWSLETTER No 120 – October 2017
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
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.
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
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.
“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.
After two historical years of imports where China purchased 46.000 tonnes during the 2011/2012 season, purchases dropped up to 35,000 tonnes for the biennium 2013/2015. The 2015/2016 period was a recovery period with an increase of 12% and purchases of more than 40,000 tonnes, while during the first seven months of the 2016/2017 season, the increase amounted to around 17%, which is a historic record of purchasers from overseas, according to figures from the International Olive Council (IOC).
With the latest available data from the 2015/2016 period, Spain took up 80% of the sales with more than 32,100 tonnes, followed by Italy with 13% with a little more than 4,000 tonnes; Greece with 2%, around 800 tonnes and with a little more than 2.000 tonnes; and 5% shared between Australia, Tunisia, Morocco and Turkey, in that order. 77% of the sales correspond to extra virgin olive oil and virgin olive oil, followed by olive pomace oil by 14%, while the remaining 9% corresponds to refined olive oil.
In general, the Chinese climate is not Mediterranean; winters are often cold and dry and summers are rainy, therefore most part of their lands are not particularly suitable for the olive groves’ cultivation
However, some of their highest surfaces such as Sichuan have mild temperatures during winter and more hours of sunshine, so cultivation of certain varieties such as Arbequina, Arbosana or Koreneiki, of international acceptance, are suitable for these areas. Harvests take place in September, two months in advance compared to the average of the northern hemisphere, which gives a certain competitive edge.
Already in the Mao Zedong era, China encouraged the olive tree as a social cultivation, thanks to the exchange of experiences with other communist regime such as the Albania of Enver Hoxha’s time. Currently, there are nearly 70,000 hectares of olive trees and a production in the last season of 5,000 tonnes, similar to that of France or Cyprus that, according to projections, will exceed 6,000 tonnes during the following season.
After destroying entire olive groves in Italy and last year appearing in the Balearic Islands, the first case of the destructive bacterium Xylella fastidiosa has been confirmed on mainland Spain, making farmers worry in the land where olive oil is liquid gold.
“Clearly, we are not going to be able to stop this; it’s a question of time before it reaches us,” said Luis Carlos Valero, leader of the ASAJA farmers’ union in Jaén, after the plague was confirmed as having been detected in Alicante last week.
The fact that the first affected plant on the mainland was an almond tree is no consolation for olive growers; more than 300 European plant species have proved to be susceptible to Xylella.
In Italy around a million trees are reported to have been killed by ‘olive quick decline syndrome’ after being attacked by bacteria that can be carried by various common meadow insects.
In Spain, which has 350 million trees and where half of the world’s olive oil is produced, industry representatives fear the impact could be catastrophic.
El estudio destaca que en Rusia se consume principalmente aceite de girasol y el país ha aplicado políticas para reducir la dependencia del exterior de este producto con éxito y se ha convertido en unos de los principales productores a nivel mundial. “>The study highlights that in Russia sunflower oil is consumed mainly and the country has successfully implemented policies to reduce external dependence of this product and has become one of the main producers worldwide.
article source mercacei
Eight Spanish entities that bring together almost 80% of the Spanish organic sector have jointly signed a statement, addressed to the Minister of Agriculture, Food and Environment, Isabel García Tejerina, stating their disagreement with the draft of the new European Regulation on Organic Production and the Labeling of Organic Products.
In this statement they request that the Minister should vote against the agreement to this document in the Special Committee of Agriculture so that it continues working in the deficiencies that the text presents. This seems the perfect timing because today there is a meeting between the Ministers of Agriculture of the member countries of the European Union to vote for or against the new draft of the Regulation of Organic Production and the Labeling of Organic Products.
The 2nd Gourmet Olive & Delicacies Exhibition which took place in Thessaloniki, Greece on May 5, 6 and 7 came to a successful end, confirming for the second consecutive year that Gourmet is an exclusive exhibition.
Over three hundred fine foods and natural personal care products of seventy two artisan Greek producers were showcased in a three-day festive Gourmet exhibition. Extra virgin olive oils, olives, honey, jams, chutneys, spreads, sauces, cheese, spoon sweets, chocolates, herbs, nuts, cookies, handmade pasta, spirits, oils, soaps and many more natural personal care products, aromatic plant syrups, olive oil and balsamic pearls, premium mushroom products, all from dynamic businesses earn a place in the Greek specialty food basket for the world-wide consumer.
International buyers, local wholesalers, restaurant owners, delis, hotel professionals and the public had the opportunity to discuss with the producers at length learning about their products and their history, tasting and enjoying traditional and innovative foods. Commercial visitors participated in a series of select interactive activities, in order to further master the special characteristics and uses of each type of product exhibited. Master Classes, presentations and tastings especially designed for business audiences and food journalists, included Products which travel, Macedonian Land, New Applications, Locally-sourced Production, and Vegetarian Diet. A seminar on making soaps and cosmetics with edible materials attracted the attention of the public. Thehe Mentoring Corner, where professional personal advice to exhibitors and buyers alike were offered to all interested parties was a great success. Finally, all visitors were eligible to sign up for a session at the Olive Bar professional tastings, or the Chef Shows where famous professionals demonstrated new and exciting recipes.
The 2nd Gourmet Olive & Delicacies Exhibition attracted the media and a great number of journalists from Northern Greece as well as Athens covered the event in person.
For more information please visit: www.gourmetoliveexhibition.com
Based on the latest provisional data from the Food Information and Control Agency (AICA), we wanted to gather the opinion of several professionals, who have analyzed the evolution during this campaign of a unique market situation.
The provisional data published by the AICA, facilitated by the Asociación Agraria de Jóvenes Agricultores (Asaja) of Jaén, detail that Spain has produced in the first five months of the campaign 1,230,000 tons, whereas in the specific case of Andalusia the accumulated figure is of 1,006,000 tons. The data regarding market outlets is high, with 136,500 tons in February, the second best monthly output so far this year and the second best outlet in the last five seasons.
Meanwhile, total stocks at the end of February amounted up to 987,300 tons, which means 25,000 tons more than the previous month and 99,100 tons less than the previous season.
The CEO of Luque Ecológico, Juan Manuel Luque, believes that this year can go down in history as showing the largest figure for Spanish sales of olive oil, since to the high prices we can add a crop that, although being lower than what some operators expectated, it is among the best ten in History.
For Juan Manuel Luque, “we can agree that prices are too high, that we are going to lose market share, that bottlers lose money… but the reality, which is very stubborn, shows us that every month there are more kilos of oil and the price is higher and higher.” According to him, “we have the perfect storm heading the olive oil sector and only Spanish producers have the capacity to rise or lower the oil prices worldwide. At this moment it is our responsibility to maintain high but stable price levels. The only thing we know for sure is that the sooner the prices increase, the sooner they will decrease in the same campaign,” he said, while pointing out that “we could choose to continue supplying the market on a continuous basis or to keep the oil and wait for the ridge of the wave hoping that the wave does not fall on us.”
In his opinion, “large groups -which are the ones with the large quantities of oil- are going to have the responsibility of continuing to supply the market and not let the price soar to levels that we could regret.”
article source mercacei
The Office of the United Nations in New York, the depositary of the International Agreement on Olive Oil and Table Olives, 2015, has just informed the Executive Secretariat of the International Olive Council that the Hashemite Kingdom of Jordan ratified said Agreement on 19 April 2017.
Jordan, which signed the Agreement on 22 December 2016, is an important olive producing country. According to the data provided by its Ministry of Agriculture, approximately 80 000 Jordanian families are employed in the national olive sector. Olive trees occupy close to 72% of the total surface area given over to fruit trees and 36% of Jordan’s arable land. As an integral part of daily life and customs in Jordanian society, a considerable heritage has grown up around olive growing, being one of the country’s most important and oldest crops. Some 15 – 20% of the 17 million olive trees in Jordan were planted in Roman times and are thought to be up to 2 000 years old.
At 19 April 2017, 13 countries had signed the International Agreement on Olive Oil and Table Olives, 2015, (Algeria, Argentina, Israel, the European Union, Jordan, Lebanon, Libya, Montenegro, Morocco, I.R. of Iran, Tunisia, Turkey and Uruguay). Four of these have notified their provisional application of the Agreement (Algeria, the European Union, Libya and Morocco). Three countries have ratified, accepted or approved it, or have acceded to it definitively (Jordan, Palestine and Tunisia).
source International Olive Council
EVOOLEUM. World’s TOP 100 Extra Virgin Olive Oils is an international competition for the quality of extra virgin olive oils, which will select the 100 best EVOOs in the World. Thus, a group of expert tasters renowned worldwide will be in charge of conducting the valuation of the organoleptic quality of the juices presented, where there will be every season the exclusive TOP100 of the best extra virgins of the world, and the best on their different categories and geographic areas.
The results of the EVOOLEUM Awards were unveiled yesterday at the World Olive Oil Exhibition (WOOE), which was held for two days at the fairgrounds of Ifema in Madrid.
Organizers of the contest- presented the EVOOLEUM World’s TOP100 Extra Virgin Olive Oils Guide and unveiled the names of 100 brands of EVOO from 16 countries that the jury has considered the best in the world (above 80 points).
In the second edition of the contest, held on March 10 and 11 in Cordoba, a total of 22 internationally prestigious expert tasters from eight countries valued the more than 300 samples submitted to the competition. EVOOs from Spain, Italy, Portugal, Greece, France, Croatia, Slovenia, Turkey, Israel, Morocco, Chile, Jordan, Saudi Arabia, Germany, South Africa and Tunisia have competed in this second edition to form the ranking of the world’s TOP100 EVOOs that will be included in the EVOOLEUM World’s TOP100 Extra Virgin Olive Oils Guide 2017, published in English and Spanish, and of annual periodicity, that is distributed in the main contests and international fairs of the olive and gastronomic sector, as well as in gourmet and delicatessen establishments, Michelin-star restaurants, bookstores and supermarkets.
OLIVE JAPAN International Extra Virgin Olive Oil Competition is one of the premier olive oil competitions in the world, bringing together the highest standards of integrity and professionalism in awarding medals to the best oils from around the globe.
This is the sixth year of OLIVE JAPAN International Competition, Japan as the one of the most important market for olive oil in the world. The judges are invited from key major olive oil production countries and Japan, under recommendation by the Olive Oil Sommelier Association of Japan. (OSAJ)
This Competition will be held as a key program in the “OLIVE JAPAN 2017” and winners will be prized at the main event of the MARCHE tradeshow, and will be carried by major papers and trade magazines. The competition is committed to educating the public about extra virgin olive oil, featuring industry experts with extensive knowledge about selection, tasting and food pairings.
OLIVE JAPAN International Extra Virgin Olive Oil Competition and its panel of tasters invite you to participate in the sixth annual competition open to extra virgin olive oils and flavored olive oils throughout the world. In the 2016 Competition, OLIVE JAPAN had total 600 olive oil entered and 420 olive oil got awarded.
The Competition Results was appeared on this website on April 24th, 2017.
You can see the full list of winners here