`Turkey’s Olive Oil Exports On the Rise - Olive Oil Times
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Turkey’s Olive Oil Exports On the Rise

By Costas Vasilopoulos
Apr. 22, 2013 20:12 UTC
Summary Summary

Turkish olive oil exports dou­bled this sea­son, reach­ing over 45,000 tons and gen­er­at­ing $143 mil­lion in rev­enue, attrib­uted to a decrease in Spain’s out­put and the elim­i­na­tion of the tax on imports from Turkey by the European Union. Turkey is the fifth largest pro­ducer of olive oil glob­ally, with pro­duc­tion esti­mates increas­ing from 147,000 tons in 2009-10 to 180,000 tons in 2011-12, accord­ing to the coun­try’s Ministry of Economy.

A report by the Olive and Olive Oil Exporters’ Union of Turkey found that exports of Turkish olive oil dou­bled this sea­son com­pared to last sea­son, to more than 45,000 tons and yield­ing a rev­enue of $143 mil­lion. Twenty thou­sand tons were exported dur­ing the 2011-12 sea­son and only 10,000 tons the sea­son before.

This rise was attrib­uted to this year’s major decrease in Spain’s out­put, and the European Union elim­i­nated the tax on olive oil imports from Turkey.

Turkey ranks fifth among the biggest pro­duc­ers world­wide, after Spain, Italy, Greece and Tunisia. Olive oil pro­duc­tion vol­ume was 147,000 tons in the 2009-10 sea­son and esti­mates for 2011-12 were adjusted to 180,000 tons, accord­ing to the country’s Ministry of Economy.


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