OLIVE OIL- OPENING OF 2016/17 WITH A SHARP RISE IN IMPORTS
Sales of olive oil and olive pomace oil open the 2016/17 crop year on a sharp upturn in certain markets. In the first three months (October–December 2016) the eight markets that appear in the table below present an increase of 74% in Australia, 51% in Brazil, 42% in China, 24% in Canada; 15% in Japan; and 1% in the United States, compared to the same period the previous year. At the time of publishing this Newsletter, figures for Russia are only available up to December 2016, presenting a 14% year-on-year increase.
As regards EU1 trade in the first two months of the current crop year (October–November 2016), intra-EU acquisitions increased by 19% and extra-EU imports fell by 36% compared to the same period the previous year.
TABLE OLIVES– 2016/17 CROP YEAR OPENING
Trade in table olives in the first four months of 2016/172 (September–December 2016) in the five markets that appear in the table below show a year-on-year increase of 21% in Brazil; 11% in Australia, while there was no change in import levels in the United States. However, imports in Canada fell by 5%.
In the first three months of the 2016/17 crop year (September–November 2016) EU data3 shows a 3% decrease in intra-EU acquisitions and a 6% increase in extra-EU imports compared to the same period the previous year.
Source: International Olive Council MARKET NEWSLETTER No 113 – February 2017
World trade in olive oil and table olives 2016/17 crop year,