`First Estimates for 2019/2020 World Olive Oil Production Released in Spain

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First Estimates for 2019/2020 World Olive Oil Production Released in Spain

Jul. 3, 2019
Costas Vasilopoulos

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The first global pro­vi­sional fig­ures for the 2019/20 olive oil har­vest­ing sea­son sur­faced in Spain, indi­cat­ing that Span­ish pro­duc­tion will be slightly reduced, but improved fig­ures are expected in other pro­duc­ing coun­tries that faced seri­ous prob­lems the pre­vi­ous year.

For the upcom­ing sea­son, Spain’s olive oil sec­tor is expected to yield 1.35 mil­lion tons of olive oil, some­what less than the 1.77 mil­lion tons of the highly pro­duc­tive pre­vi­ous har­vest­ing period. Italy will likely make a jump to 270,000 tons and Greece to 300,000 tons, a big improve­ment from the 175,000 and 185,000 tons they respec­tively made the past sea­son.

Portugal’s yield is esti­mated at 130,000 tons for next year, whereas a record pro­duc­tion is pro­jected for Tunisia with 350,000 tons. The rest of the Mediter­ranean pro­duc­ers are expected to chip in another 400,000 tons of olive oil, and the rest of the world 70,000 tons over­all.

The total global yield of olive oil for the 2019/2020 sea­son is esti­mated to reach 3.67 mil­lion tons, com­pared to 3.13 mil­lion tons pre­vi­ously.





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