`Greece to Overtake Italy as Europe’s Second-Largest Olive Oil Producer - Olive Oil Times

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Greece to Overtake Italy as Europe’s Second-Largest Olive Oil Producer

By Nedjeljko Jusup

Dec. 9, 2022 16:00 UTC

Summary

New estimates from Italy suggest a potential 37 percent drop in olive oil production compared to last year, potentially causing Italy to fall to the third largest producer in Europe. The decrease in production across Southern and Western Europe is primarily due to a historic drought and high summer temperatures, with exceptions in Greece and the Balkan Peninsula where olive groves are expected to yield healthy crops with high quality oils.

New pessimistic olive oil production estimates from Italy indicate the harvest could fall by as much as 120,000 tons, 37 percent, compared to last year.

The result may be even worse if the research conducted by the Italian Institute for the Agricultural and Food Market of Ismea at the beginning of November is accurate.

According to this research, production in the 2022/23 crop year is estimated at 208,000 tons, which would see Italy fall from the second to the third largest olive oil producer in Europe.

See Also:2022 Harvest Updates

In Spain, the world’s largest olive oil producer, the forecasts are dire as well, with an expected 30- to 50-percent drop in production from the Iberian country. Yields are also expected to drop in Portugal and France.

The cause of this dramatic decrease across Southern and Western Europe has largely been attributed to the historic drought and high summer temperatures, which hindered the vegetative development of olive trees and the accumulation of oil in the fruits.

Regarding the leading producer countries, it is estimated that only Greece can exceed last year’s yield and reach more than 300,000 tons, thus occupying the place that previously belonged to Italy.

Other exceptions to Europe’s poor harvest come from the olive groves running along the rest of the Balkan Peninsula’s Adriatic coastline.

Initial reports have found the olives in Slovenia, Croatia, Bosnia and Herzegovina and Montenegro, where timely rains during August and September enhanced oil accumulation, are healthy.

Along with low rates of pests and diseases, producers on the Adriatic coastline anticipate better harvests than last year and high quality. They said the olive oils stand out for their spiciness and bitterness but do not lack fruitiness.

The European Commission has predicted a 25-percent decrease in olive oil production from the seven main producing countries in the 27-member bloc.

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