`In Spain, Olive Oil Sales Rise with Margins Along Production Chain - Olive Oil Times

In Spain, Olive Oil Sales Rise with Margins Along Production Chain

Sep. 19, 2022
Paolo DeAndreis

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Despite chal­lenges loom­ing on the hori­zon, olive oil sales in Spain remain robust, with grow­ing mar­gins for the whole pro­duc­tion chain.

According to the data released by the Ministry for Agriculture, Fisheries and Food, olive oil millers sold 95,400 tons of olive oil in the period, with over­all fig­ures for the cam­paign ris­ing from 1,343,015 mil­lion tons in July to 1,438,415 mil­lion tons in August.

Without any doubt, we are going through the best mar­ket­ing cam­paign ever gen­er­ated in the olive sec­tor.- Cristóbal Cano, sec­re­tary-gen­eral, UPA Andalusia

The Agency for Information and Food Control (AICA) reported that total olive oil sales for August in the coun­try reached 116,000 tons, a 28-per­cent increase com­pared to the same period of the past year.

Cristóbal Cano, sec­re­tary-gen­eral of the Union of Small Farmers (UPA) Andalusia, told Agroinformación that sales num­bers make us opti­mistic, as we can hope to end the cam­paign with at least 1.6 mil­lion tons sold.”

See Also:Agricultural Incomes Rise in Andalusia, Boosted by Resurgent Olive Oil Sector

Farmers esti­mate that they will have a record year in terms of sales. Without any doubt, we are going through the best mar­ket­ing cam­paign ever gen­er­ated in the olive sec­tor as for eco­nomic vol­umes, which is also due to rea­son­able prices that do not stop ris­ing,” Cano said

The Ministry of Agriculture projects prices at source being 15 per­cent higher than those reported one year ago,” he added.

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According to the Information System of Olive Markets (SIMO), olive oil stocks exceeded 580,000 tons at the end of August, the vast major­ity of which were owned by millers and bot­tlers.

If September stays on the same path in terms of num­bers, with these data, we can expect to end up with 400,000 tons [in stor­age],” said Luis Carlos Valero, spokesman of the Association of Young Farmers and Ranchers in Jaén. We will be very atten­tive to the data of the incom­ing month.”

Experts noted that ris­ing prices are ben­e­fit­ing the entire pro­duc­tion chain, includ­ing tra­di­tional grow­ers. According to Poolred, prices are sky­rock­et­ing. For exam­ple, extra vir­gin olive oil prices rose from €3.82 per liter reported on August 15 to €3.99 on September 15.

Yet, the extreme drought in Spain is expected to bring a near-record-low har­vest this sea­son, with some esti­mates that pro­duc­tion will fall below 1 mil­lion tons for the first time in nearly a decade.

The struc­tural drought we are fac­ing makes us fear for the future,” Cano told Extra Jaén. Should September con­firm this ten­dency of reduced rain­fall, we will have a bad sea­son, as many areas of Andalusia are already with­out olives, and in those areas where irri­ga­tion works, the fruit does not fol­low the desir­able devel­op­ment.”



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