`Production in Spain Lower than Anticipated - Olive Oil Times

Production in Spain Lower than Anticipated

By Daniel Dawson
Feb. 12, 2020 09:47 UTC

Spain’s Food Information and Control Agency (AICA) said that the coun­try will only pro­duce one mil­lion tons of olive oil from the 2019 har­vest.

The data from AICA, which was ana­lyzed by the Coordinator of Agriculture and Livestock Organizations (COAG) in Jaén, show that by the end of January, 997,400 tons of oil had been pro­duced in the coun­try.

This final fig­ure is 20 per­cent below the pre­vi­ous har­vest esti­mate of 1.25 mil­lion tons from October and far closer to the orig­i­nal har­vest esti­mate given by Andalusia’s Olive Oil Sector Council of Agri-food Cooperatives in August.

Poor weather in parts of Spain dur­ing the win­ter months has been blamed for the lower-than-expected pro­duc­tion.

It remains to be seen whether this will have any impact on olive oil prices. Some expect that a sil­ver lin­ing of the decreased pro­duc­tion may be a slight rebound in prices as less olive oil will be avail­able on the mar­ket.

However, Juan Luis Ávila, the sec­re­tary-gen­eral of COAG Jaén, said that if the new sit­u­a­tion does not lead to price increases, the only solu­tion for pro­duc­ers will be to increase the inten­sity and fre­quency of protests like the recent demon­stra­tion COAG orga­nized in Madrid to call for more gov­ern­ment sup­port for farm­ers in the region hit by the low mar­ket prices.


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