Latest provisional data from the AICA on olive oil price evolution

Home > News & Articles > Olive Oil Business News > Latest provisional data from the AICA on olive oil price evolution

Italian demand
The CEO of Oleoestepa, Álvaro Olavarría, believes that the evolution of prices will depend firstly on the demand of Italy, since this year the production of the transalpine country “barely reaches 200,000 tons and with a terrible quality, consequently the insufficient good oil is at much higher prices than the rest of the supply of the Mediterranean, which is scarce also in countries like Tunisia and Greece. Therefore, according to Olavarría, this demand will also depend on the degree of coverage of the Italian packaging industries, the evolution of sales in that country and the foreign trade of these companies, “which already show significant declines.”

Likewise, the CEO of Oleoestepa has highlighted that the tension regarding prices at origin will depend on the demand of oil in Spain, “which, if the current price war of the private label continues, will not suffer great decreases in sales, only of those brands that transfer the rises in origin to the bottle.”

Finally, Olavarría explained that another reason that will condition the evolution of the prices at origin will be the precipitations that take place in spring in Spain and especially in Andalusia. “This is a market of expectations, very sensitive to what can happen in the medium term and this will not be the first time that having low stocks, prices fall (autumn 2006), and having high stocks, prices rise (January-October 2012),” he has specified.

Latest provisional data from the AICA on olive oil price evolution, 3.4 out of 10 based on 53 ratings

Post Views


2,359
VN:F [1.9.22_1171]
Rating: 3.4/10 (53 votes cast)
VN:F [1.9.22_1171]
Rating: +9 (from 19 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *