` United Nations Field Reports to Improve Olive Council Forecasts

Business

United Nations Field Reports to Improve Olive Council Forecasts

May. 1, 2013
By Julie Butler

Recent News

united-nations-field-reports-to-improve-olive-council-forecasts-olive-oil-times-united-nations-field-reports-to-improve-olive-council-forecasts

Data gath­ered by on-the-ground econ­o­mists from the United Nations Food and Agri­cul­ture Orga­ni­za­tion (FAO) will be shared with the Inter­na­tional Olive Coun­cil (IOC) in a move that should sharpen fore­casts of future world olive oil pro­duc­tion, accord­ing to IOC Exec­u­tive Direc­tor Jean-Louis Bar­jol.

Bar­jol told Olive Oil Times that FAO was about to sign an agree­ment with the IOC which would facil­i­tate infor­ma­tion exchange between them. He said the move was of inter­est to the IOC because it would help con­firm the accu­racy of its data.

FAO has the abil­ity to send econ­o­mists into coun­tries, some­thing we don’t have the abil­ity to do. Thus we’ll have the pos­si­bil­ity of com­par­ing and sup­ple­ment­ing the data we have with what they do in-situ.” This would be par­tic­u­larly help­ful for pro­jec­tions of future pro­duc­tion, Bar­jol said.

In turn, the IOC will share its data, par­tic­u­larly on olive oil pro­duc­tion, trade and con­sump­tion in var­i­ous coun­tries. FAO is inter­ested in this because we have a series of homo­ge­neous data going back many years,” Bar­jol said.

Advertisement

The coun­tries we’ve talked about start­ing with are Tunisia, Alge­ria and Morocco,” he said. These could be fol­lowed by other coun­tries in the Mediter­ranean basin such as Jor­dan and Egypt.

Bar­jol said he under­stood the analy­sis of the sec­tor made by FAO would be made avail­able to inter­na­tional invest­ment funds, such as the World Bank, the Euro­pean Bank for Recon­struc­tion and Devel­op­ment, and the Com­mon Fund for Com­modi­ties.

Such orga­ni­za­tions are inter­ested in the infor­ma­tion because they receive requests and loan money for olive oil devel­op­ment projects.

Related News