Olive Oil Market Picture for 2013/14 & forcasts for 2014/15

Home > News & Articles > Olive Oil Business News > Olive Oil Market Picture for 2013/14 & forcasts for 2014/15

With the crop year now closed, the data coming in from countries – as yet provisional – give a world production figure of 3 164 000 t, up by 32 pc on the previous season, and world consumption of around 2 996 000 t.

Imports and exports are provisionally assessed at 797 000 t and 790 500 t, respectively. Spain accounts for 57 pc of world output, having produced a record 1 777 300 tcompared with 618 200 t in 2012/13.

This season-on-season increase of 187 pc has offset production decreases elsewhere among the IOC membership where adverse climatic conditions have
led to volume decreases in output. This is chiefly the case of Greece where production only amounts to 135 000 t in 2013/14 versus an average of 318 000 t in the previous four seasons and Tunisia where production totals no more than 70 000 t compared with a previous four-season average of 168 000 t.

Taken as a whole, IOC member countries produced a total of 3 093 000 t and had a 98 pc slice of world tonnage; in the rest of the producer, non-IOC countries production totaled around
71 000 t. As for consumption, the provisional figures report a figure of 2 283 000 t for the IOC Members and over 713 000 t for non-IOC countries.

Olive Oil Market Picture for 2013/14 & forcasts for 2014/15, 4.6 out of 10 based on 31 ratings

Post Views


541
VN:F [1.9.22_1171]
Rating: 4.6/10 (31 votes cast)
VN:F [1.9.22_1171]
Rating: -1 (from 3 votes)

Leave a Reply

Your email address will not be published.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