Spanish Olive Oil production shows a decrease of 48% over the previous year

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Regarding marketing, even though it has been reduced by 12% compared to the previous year with 592,800 tones traded (interior apparent market and exports), the Ministry stressed “the good performance of the overall olive oil market because the total figure is 2.3% above the average of the last four.”

Specifically, the apparent domestic market reached a figure of 219,400 t., amount that shows a decrease of 12% compared to the previous season and of 7% compared to the average of the last four seasons. The monthly average output of these five months is 43,880 tons.

Exports, meanwhile, with provisional data for the month of February, are quantified in 373,400 t., I.e. 12% less than in the previous year and 9% higher than the average of the four preceding. The average monthly output was 74,680 tons.

Imports, meanwhile, are estimated at 50,000 tons.

Total volume of stocks is 764 900 t., 36% below the average of the four previous campaigns. In addition, in mills are stored 552 800 tons, representing a decrease of 44% compared to the average of the previous four seasons; whereas in packing plants, refineries and other operators 212,100 tons are located.

Article source mercasei

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