` U.S. Olive Oil Imports Bounce Back, Not So Much in China, Brazil - Olive Oil Times

U.S. Olive Oil Imports Bounce Back, Not So Much in China, Brazil

Sep. 9, 2014
Julie Butler

Recent News

Olive oil imports into the United States bounced back from April to June, finally tip­ping the world’s biggest mar­ket back into growth – of four per­cent – over last sea­son.

New fig­ures from the International Olive Council (IOC) also show that ship­ments are up 19 per­cent in Canada and 5 per­cent in Japan, but the news is not as good in other major mar­kets: Imports are down 18 per­cent in China, 3 per­cent in Brazil and 3 per­cent in Australia.

The IOC data cov­ers olive oil and olive pomace oil imports for October 2013 to June 2014, the first nine months of the 2013/14 crop year, and were pub­lished in its lat­est newslet­ter.

Data for Russia was avail­able only until April, 2014 but showed an 8 per­cent gain com­pared to imports over the same seven months last sea­son. Similarly, EU data was avail­able to May only, but intra-EU acqui­si­tions were up 12 per­cent on the same period a year ago, how­ever, imports from out­side the EU were down more than half, a fall the IOC said seemed log­i­cal, given Spain’s high production.”

China and Korea

The IOC said Chinese imports of olive oil and olive pomace grew expo­nen­tially in the decade or so to 2011/12 but shrank 6 per­cent the fol­low­ing sea­son – dip­ping from 45,058 tons to 42,379 tons — only to suf­fer a fur­ther sharp decrease” in the first seven months of this sea­son. Despite a recov­ery this May – July, every­thing seems to indi­cate that (Chinese) imports will be lower than in 2011/12,” the IOC said.

Got a few minutes?
Try this week's crossword.

On the pos­i­tive side, South Korea imported just over 13,000 tons in the 10 months to July — up a third on the same period last season.

Source: IOC

Related News

Feedback / Suggestions