IOC expects world production of olive oil to decrease 26.8% this season

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The International Olive Council (IOC) expects a global production of olive oil in 2014/15 of 2,393,000 tons, representing a decrease of 26.8% compared to the previous season.
Under the chairmanship of Turkey and vice chairmanship of the European Union (EU), the agency celebrated its 102nd Ordinary Meeting of the Council of Members held from 24 to 28 November at the organization’s headquarters in Madrid.

Balances of the olive oil and table olive campaigns 2012/13 (final), 2013/14 (provisional) and 2013/14 (estimates) were considered at this meeting regarding production and consumption.

Thus, according to data from the agency, of the total production of olive oil, 1,532,000 t. corresponded to the EU, decreasing 38.1%. Spain continues to lead in production with 825,700 tons, which meant a decrease of 53.5% compared to the 2013/14 campaign, when it reached 1,775.8 million tons.

After Spain, the European country with the highest production will be Italy with 302,500 tons (-34.4%), followed by Greece (300,000 t., + 127.4%), Portugal (90,000 t., -1.74%), Cyprus (5,600 t, similar to the previous season.), France (5,000 t, + 2%.), Croatia (3,200 t., -36%) and Slovenia (200 t., -66%).

Behind EU countries, comes Tunisia (260,000 t., + 271%), Turkey (190,000 t., similar to the previous season), Morocco (110,000 t., -8.3%), Algeria (44,000 t., similar to the 2013/14 season) and Jordan (35,000 t., + 16.6%).

IOC expects world production of olive oil to decrease 26.8% this season, 3.7 out of 10 based on 18 ratings

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