Deoleo 2013/14 Report and its own opinion on United States’ olive oil market

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Deoleo presented the Deoleo 2013/14 Report with estimates of production and consumption of the current year, which establishes that the total supplies of olive oil will exceed 2,032,000 tons in order to cover the needs of the domestic market and facilitate the increase in exports.

In the case of production, the company expects it to be above 1,700,000 tons, a record due to favorable weather, good conditions of the olive grove after a reduced harvest and increased oil yield of the fruit.

We must not forget that the latest data from the Spanish Information and Food Control Agency (AICA), on April 30th, placed olive oil production in this campaign in 1,768,100 tons, which meant an increase of 188% over the volume obtained last year and 41% higher than the average of the last four campaigns.

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