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According to latest report from International Olive Council, Russian imports of olive oil and olive pomace oil grew at a constant rate between 2000/01 and 2013/14 when they rose from 3 062 t to 34 814 t (Chart 1).

The only exceptions were 2005/06 and 2008/09 when the level dropped only to rally the next crop year.

In 2013/14, imports were 7 pc higher than the season before. Ninety-seven per cent of imports came from the European Union, headed by Spain (56% of total), with Italy (30 pc), Greece (9 pc) and Portugal (1 pc) next in line.

The origin of the remaining 3 pc of Russian imports was Tunisia (2 pc) and Turkey (1 pc).

Broken down by grade, 69 pc was imported under customs heading 15.09.10, which groups together extra virgin, virgin and ordinary virgin olive oil plus lampante virgin olive oil not fit for human consumption without refining.

A further 18 pc entered the country under customs heading 15.09.90, which is for refined olive oil plus olive oil, i.e. blends of refined olive oil with extra virgin, virgin or ordinary virgin olive oil.

The last 13 pc is made up of imports under customs heading 15.10, which encompasses refined olive pomace oil and the grade known as olive pomace oil, made up of blends of refined olive pomace oil with extra, virgin or ordinary virgin olive oil.

Chart 2 plots the movements in oil imports by customs heading. It can be observed that over the three consecutive crop years from 2010/11 to 2012/13, the volumes imported under headings 15.09.90 and 15.10.00 were the same whereas imports under 15.09.10 continued moving on the upward trend recorded since 2008/09.

Source: International Olive Council Newsletter No 93–April 2015

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Comments (2)

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