`Turkey’s Olive Oil Exports On the Rise

Europe

Turkey’s Olive Oil Exports On the Rise

Apr. 22, 2013
Costas Vasilopoulos

Recent News

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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