Spanish olive oil exports exceed one million tons so far

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The Spanish Ministry of Agriculture, Food and Environment (Magrama) and the olive sector have held a meeting of the Sectoral olive oil and table olives working group to analyze the market situation, from data provided by the Information and Food Control Agency (AICA) up to August 31st, from which it appears that exports are above one million tons.

Figures for foreign sales recorded so far exceed those of the previous season in which 875,000 tons were reached as a whole. Specifically, according to information provided by the Ministry, the production of the current season could be the highest in the last ten seasons, without counting the record 2010/11 campaign.

Regarding marketing, with a better export performance compared to recent seasons, we can find a balance in the outputs. Also the increase in prices for all categories, that started early this summer, will continue, while an adequate pace of exits will be maintained. As a result, according to the Magrama, an appropriate balance between resources and market outlets will be achieved and will cover the needs for the start of the new campaign.

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