Tunisian revenues from olive oil export close to reach $ 1bln

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The Tunisian Council of Olive Oil expects olive oil export revenues to reach more than 1,800 million Tunisian dinars (935,000,000 USD) for the entire season 2014-2015, the Ministry of Industry, Energy and Mining said in a press release Monday.

The value of olive exports has reached until last July a record level of 1,657 MTD (861,000,000 USD), which represents 60% of the value of food exports, according to the release.

As for the amounts exported until last July, they reached 265 thousand tones, with the European market cornering the lion’s share with 73% ahead of the US market with 18%.

Packaged olive oil exports increased until July to 14.3 thousand tones, 40% of which went to the European market and 35% to the US market. They should reach nearly 17 thousand tones at the end of the season.

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