The International Olive Oil Council (IOC) released its provisional data for the global production of table olives for the 2019/20 crop year, showing a 13.9 percent increase to 2,925,500 tons compared with 2,569,000 tons produced in the 2018/19 season.
Egypt is expected to take the lead from Spain with a crop of 690,000 tons of olives compared with 497,000 last year, while the Iberian powerhouse will fall to the second position with 500,000 tons — a 16 percent drop from the 580,000 tons produced the previous season.
Other big producers like Algeria and Morocco are expected to retain the levels of the previous crop year, with production reaching 300,000 tons and 130,000 tons respectively.
A slight fall is predicted for Turkey, with the estimated crop of 414,000 tons compared with 423,000 tons the previous season.
Italy, on the other hand, is in for a substantial increase of 85 percent, jumping from 40,000 tons last year to 74,000 tons in the 2019/20 season, but still low in terms of volume compared with its big competitors.
Greece will likely have a rise of 24 percent reaching a total of 207,000 tons, up from 167,000 tons previously, while Argentina’s crop of table olives is estimated to reach 100,000 tons, 25 percent more than the 80,000 tons of the previous crop year.
The global consumption of table olives is expected to increase by 2.1 percent in 2019/20, as predicted by the IOC.