Exports of canned olives from Morocco fell to almost a historic low in the 2022/23 season

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Published Jan 25, 2024

Tridge summary

Morocco's export of canned olives in the 2022/23 season hit a near-decade low of 82,000 tons due to the Mediterranean olive crisis, while imports reached a record high of 3,000 tons, up from the usual 500 tons. Despite a ban on olive oil exports to stabilize domestic prices, Morocco remains a leading global olive producer, primarily exporting to the EU and North America. The low export levels are due to a poor harvest caused by drought in 2022, but a recovery is expected in the 2023/24 season.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Based on the results of the 2022/23 season (November-October), Morocco exported almost the minimum volume of canned olives over the last decade, EastFruit reports. The olive crisis in the Mediterranean has not spared this country either, and Morocco even introduced a ban on the export of olive oil last fall in order to stabilize prices on the domestic market. In the segment of canned olives, in addition to the fall in exports, it is worth noting the establishment of a historical record for the import of these products into the Moroccan market. From November 2022 to October 2023, Moroccan exporters sold 82 thousand tons of canned olives, i.e. almost a third less than the previous season. This figure is very close to the 10-year minimum, because the export volume fell to 76 thousand tons in the 2014/15 season alone. Meanwhile, imports of canned olives to Morocco in the 2022/23 season increased almost 11 times to 3 thousand tons, although before that it rarely exceeded 500 tons! ...

Source: Eastfruit