News Briefs
Spanish olive oil imports have reached a four-year high during the 2019/20 crop year, according to data published by the Spanish Ministry of Agriculture, Fisheries and Food.
A total of 208,500 tons of olive oil was imported into the country between October 2019 and June 2020, a 71 percent increase compared with the same period in the 2018/19 crop year and an 86 percent increase compared with the average of the previous four campaigns.
See Also:Trade NewsCristóbal Cano, the head of olive oil for the Agrifood Cooperatives of Andalusia, told Diario de Sevilla that the increasing imports in Spain are a direct result of the tariffs that the United States has imposed on packaged imports of Spanish olive oil.
As a result of the 25 percent import duty, which was imposed last October, Spanish olive oil exports to the U.S. have fallen by more than one-third in the first six months of 2020 compared with the same period in 2019.
“Olive oil cannot go to the U.S. [packaged] with a Spanish brand, so very little is going,” Cano said. “And the companies that used to export have to import olive oil from other countries in order to keep their brand and position. That is the reason why there was a substantial increase in imports.”
Cano added that the majority of these imports are coming from Portugal and Tunisia.
In spite of the significant decrease in exports to the U.S., rising demand for Spanish oils in Australia, Brazil, Canada and fellow European Union member states means that there will be a moderate increase in exports in 2019/20.
The ministry estimates this figure to reach 1.36 million tons in the current crop year, 3.6 percent higher than the previous one and 13 percent more than the average of the previous four seasons.
More articles on: import/export, Spain, trending
Feb. 13, 2024
The Role of Gulls in Spreading Olive Seeds Across Balearic Islands
Gulls contributed to the long-distance spread of local olive seeds, facilitating the colonization and expansion of the variety
May. 16, 2023
Meet the Native American Tribe Behind Award-Winning Olive Oil
Over two decades, Jim Etters has helped guide the Yocha Dehe Wintun Nation’s Séka Hills brand to four NYIOOC triumphs while focusing on sustainability.
Feb. 13, 2024
Local Mils in France Are All the Rage
An ample harvest and high prices have led to a surge in activity and investments in community mills.
Feb. 23, 2024
World Trade Organization Finds U.S. Noncompliant in Table Olive Trade Spat
The WTO ruled that the U.S. must remove tariffs on Spanish table olive imports, while a separate case is pending in the Court of Appeals.
Jun. 8, 2023
Bonolio Becomes Latest European Producer to Open U.S. Facility
The Sicilian producer plans to double its exports to the U.S.
Aug. 7, 2023
Italy Becomes Largest Market for Tunisia’s Organic Olive Oil Exports
Tunisia's organic production is increasingly favored by large Italian bottlers.
Dec. 15, 2023
Meet the Start-Ups in Central Italy Reviving Abandoned Olive Groves
The startup Ager Oliva in Tuscany and the association Le Olivastre in Umbria are committed to restoring abandoned olive groves through adoption plans for citizens and companies.
Apr. 16, 2024
Researchers Investigate Solar Panel and Olive Grove Synergies
Solar panels between rows of high-density olive groves generate electricity with minimal impact on yields.