The global Olive oil demand may exceed its production

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Discreet production in Portugal and Morocco, in both cases around 70 thousand tons.

Turkey production should reach about 200 thousand tons, the average of recent years. The final figure could be higher, however, for illegal olive oil trade with Syria.

Overall, world production of olive oil may be less than 3 million tons, about 2,7 to 2,8, with a demand that could reach about 3.1 million tons.

The request may exceed the demand even taking into account the inventory and it is expected that prices rise remain high, with the upward trend for the next few weeks, and then remained high until the spring.

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