` World Poised to Make Over 3M Tons of Olive Oil - Olive Oil Times

World Poised to Make Over 3M Tons of Olive Oil

Mar. 24, 2014
Julie Butler

Recent News

Jaén, Spain

While the International Olive Council recently trimmed its esti­mate for world olive oil pro­duc­tion this sea­son from nearly 3.1 to 3.05 mil­lion tons, GEA Westfalia Separator Ibérica has upped its from 2.76 to 3.3 mil­lion tons, which would set a new record.

In 2012/13, the world pro­duced slightly more than 2.4 mil­lion tons of olive oil, accord­ing to the IOC’s pro­vi­sional fig­ures, largely due to a dis­as­trous year for Spanish pro­duc­tion, which totaled just 616,000 tons.

But this sea­son the IOC expects Spain to bounce back to nearly 1.6 mil­lion tons, which is 58,800 tons more than it fore­cast back in October but equal to the Andalusian regional government’s fore­cast of the same time, and GEA Westfalia Separator Ibérica tips 1.7 mil­lion tons, up from the 1.35 mil­lion it pre­dicted five months ago. In the first four months of this sea­son – October to January – Spain had already processed more than 1.2 mil­lion tons, accord­ing to the country’s Information and Food Control Agency,

The IOC said in its February newslet­ter it had reduced its esti­mates accord­ing to the lat­est batch of fig­ures received from some IOC mem­ber coun­tries.” Apart from the increased fore­cast for Spain, the out­look is also for higher than ini­tially expected out­put in Portugal, reach­ing 85,000 tons, and no change in the esti­mate of 450,000 tons for Italy, it said.

Lower fore­casts for Greece, Turkey

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Meanwhile, down­ward revi­sions apply to the pro­jec­tions for Greece and Turkey. Last October, Greece fore­saw a steep decrease in pro­duc­tion to a level of 230,000 tons due to the severe drought that sum­mer; how­ever, the lat­est data points to an even lower ton­nage of 157,500 tons, down 56 per­cent on the pre­vi­ous sea­son, the IOC said. In com­par­i­son, Greece’s aver­age pro­duc­tion for the last four crop years was 318,400 tons.

Production in Turkey is expected to total 130, 000 tons, 50,000 tons less than first esti­mated, while else­where in IOC mem­ber coun­tries pro­duc­tion appears to be hold­ing to ini­tial fig­ures, the IOC said.

According to Olimerca, GEA Westfalia Separator Ibérica also expects increased pro­duc­tion in Portugal, which is tipped to dou­ble its total from last sea­son. (IOC data shows Portugal pro­duced nearly 60,000 tons in 2012/13.) Likewise, rises are pre­dicted for Australia. and also coun­tries such as Chile and Morocco, which in the last seven years have seen their pro­duc­tion increase seven and five-fold respec­tively.”

Turkey is in line for a 60 per­cent drop in out­put, and Turkey and Palestine have had prob­lems due to the phe­nom­e­non known in Spanish as vecería — a nat­ural alter­na­tion between high and low yield har­vests.


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