`Council Predicts Second Biggest Year Ever for Olive Oil Production


Council Predicts Second Biggest Year Ever for Olive Oil Production

May. 17, 2011
By Julie Butler

Recent News

This year is expected to be the world’s sec­ond-best for olive oil pro­duc­tion, thanks largely to increases in Alge­ria, Morocco, Syria and Turkey.

Accord­ing to Inter­na­tional Olive Coun­cil (IOC) fore­casts, the 2010/11 pro­duc­tion will stand at 3.08 mil­lion tons – the EU account­ing for 73 per­cent of this – up from 3.02 mil­lion tons in 2009-10 and close on the heels of the 2003/04 record of 3.17 mil­lion tons.

Spain is expected to weigh in with 1.37 mil­lion tons – 45 per­cent of world pro­duc­tion – fol­lowed by Italy (480,000 tons), Greece (300,000 tons), Por­tu­gal (71,800 tons) and France (5,600 tons).

In its April mar­ket newslet­ter, the IOC said the chief sources of this year’s rise in pro­duc­tion were Syria (set to achieve an all-time high of 180,000 tons), Turkey (160,000 tons), Morocco (where pro­duc­tion is tipped to dou­ble to 150,000 tons), and Alge­ria (50,000 tons).

Global olive oil pro­duc­tion has increased 89 per­cent in the last 20 years. It was just 1.45 mil­lion tons back in 1990 – 91.



In the first three months of 2010-11 (Oct-Dec), com­bined imports into the EU, the USA, Brazil, Canada, Japan, and Aus­tralia were up 17 per­cent on the same period a year ago. The EU in par­tic­u­lar showed a big rise, 22 per­cent.

Looked at over the five month to Feb­ru­ary, imports into Japan had decreased by 6 per­cent but risen else­where: Aus­tralia (+2 per­cent), Brazil (+21 per­cent) Canada (+16 per­cent) and the USA (+9 per­cent).

Pro­ducer Prices

The IOC noted an increas­ing gap between pro­ducer prices in Italy and those paid in Spain and Greece. Com­pared with the same time last year, EVOO prices are 5 per­cent lower in both Greece (€1.94/kg) and Spain (€2.01/kg), while in Italy they are up 44 per­cent (€3.90/kg).

Recent weeks have seen a steep rise in prices in Italy, con­trast­ing with a small drop in Greece and sta­bil­ity in Spain. This tends to con­firm the grow­ing dis­tance between the prices paid to pro­duc­ers in Italy and those paid in Spain and Greece,” the IOC said.

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