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

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

By Nedjeljko Jusup
Dec. 9, 2022 16:00 UTC

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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