`Spanish Olive Oil Sales Slip Amid Higher Prices - Olive Oil Times

Spanish Olive Oil Sales Slip Amid Higher Prices

Oct. 28, 2015
Erin Ridley

Recent News

Spain’s National Association of Industrial Packagers and Edible Oil Refiners (ANIERAC) announced yes­ter­day that the country’s olive oil sales reached 351.5 mil­lion liters (302,290 met­ric tons) between October 2014 and September 2015, down 5.55 per­cent from the year before, when 372.2 mil­lion liters (320,092 tons) were sold.

Anierac, which rep­re­sents 80 per­cent of Spain’s olive oil- and seed oil-pro­duc­ing com­pa­nies, also revealed that 111 mil­lion liters (95,460 tons) were sold of extra vir­gin olive oil, down 7.62 per­cent from last year’s 120 mil­lion liters (103,200 tons).

Sales of vir­gin olive oil slipped 3.26 per­cent to 50.4 mil­lion liters (43,344 tons).

Suave olive oil” saw a 6.39 per­cent decrease, sell­ing 132 mil­lion liters, and intense olive oil” sales were down just 1.34 per­cent to 58 mil­lion liters.

Olive pomace oil sales climbed to 16 mil­lion liters, which is roughly 2 mil­lion more than sold the year before.


Anierac’s Director Primitivo Fernández told Olive Oil Times the over­all decrease in sales was surely related to ris­ing olive oil prices caused by recent low-pro­duc­ing har­vests. As such, con­sumers have opted for cheaper alter­na­tives.

Fernández pointed out that despite the large increase in olive oil prices over the course of last year’s har­vest — a 51 per­cent surge between May 2014 and October 2015 — sales have only dropped 5.55 per­cent.

In light of yesterday’s news that Spain’s 2015 – 2016 har­vest should yield higher olive oil pro­duc­tion, the hope is that these ele­vated prices will go down and sales will again increase.


Related News

Feedback / Suggestions