Italy: A sharp drop in olive oil production is expected, although its quality is high

Published 2022년 11월 30일

Tridge summary

Italy's olive oil production is estimated to have dropped by 37%, resulting in a production of 208 thousand tons for the 2022/23 campaign, which could potentially drop Italy from the second to third place among the world's leading producers. The decrease is due to climatic problems, particularly a long drought and high summer temperatures, which have hindered the vegetative development of olive groves. While other major producing countries like Spain and Portugal are also expected to see a decrease in production, Greece is the only country expected to exceed last year's levels, with Tunisia likely to experience a 25% reduction.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

More than 120,000 tons of Italian olive oil less than in the last campaign, a 37% drop in production that, if confirmed, could drop Italy from second to third place among the world's leading producers. This is clear from the estimates prepared by ISMEA in collaboration with Italia Olivicola and Unaprol, based on the latest survey carried out at the beginning of November, which places the production of the 2022/23 campaign at 208 thousand tons. Expectations about world availability are also pessimistic, with forecasts of a drop in Iberian production of between -30% and -50%. Among the main producing countries, only Greece is estimated to be able to exceed last year's levels, reaching over 300,000 tonnes, while outside the EU borders Tunisia is also likely to experience a dump year, with a reduction of around 25% The climatic problems have influenced the Italian production, first of all the long drought and the high summer temperatures, which hinder the vegetative development of the ...

Source: Oleorevista