World Market Report for Olive Oil & Olive Pomace Oil Imports 2013/14

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Trade in olive oil and olive pomace oil through the first eleven months of the 2013/14 crop year from October 2013 until August 2014 is reported for seven countries in the table below.

The data show higher imports by Canada (+14 pc), Australia (+8 pc), the United States (+3 pc after imports started to rally in April 2014) and Japan (+2 pc).

However, as commented in the first section of this newsletter, the 12-month figures for Japan report an increase of 4 pc versus 2012/13.

Import levels are lower for China (-13 pc) and Brazil (-2 pc) In the case of Russia, data are only available up to April 2014, i.e. for the first seven months of the season, and reflect an increase of 8 pc in imports.

At the time of writing, EU data were not available for August 2014 but the figures for the first ten months of the season (October 2013–July 2014) flag up a 16 pc increase in intra-EU acquisitions and a drop of 62 pc in imports from outside the EU versus the same period in 2012/13.

This fall in extra-EU imports seems logical, given Spain’s high production in 2013/14, amounting to 1 780 200 t.
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Source: IOC MARKET NEWSLETTER N 87- OCTOBER 2014

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