Balance 2020: Last year closed with increases in olive oil prices

Published 2021년 1월 9일

Tridge summary

In 2020, the price of olive oil increased compared to 2019, despite the pandemic. Despite a expected national harvest increase of 43.6%, prices are expected to rise in other Mediterranean countries with lower harvests and lower season link oil stocks. This is expected to lead to an increase in exports and better prices. The prices of lampante, virgin, and extra olive oil in the first week of 2021 were unchanged from the previous week but higher than the same week in 2020, with an average increase of 20%.

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

Original content

The year 2020 ended with the prices of olive oil higher than in 2019. Despite the pandemic, prices at origin of olive oil ended the year 2020 with prices stable compared to the previous week, but higher in relation to the which were registered in 2019. Despite the fact that a national harvest is expected to be 43.6% higher, according to data from the latest 'Advancement of surfaces and productions' of the Ministry of Agriculture, Fisheries and Food (MAPA), in the rest of The main Mediterranean producing countries will be lower, which, added to lower stocks of season link oil, will cause an increase in our exports and better prices, according to sources from Oleoestepa. These sources indicate that prices in lampante during the first week of this year remained unchanged at 1,950 euros per ton; the virgin at 2,250 euros and the extra is paid in a price range that goes from 2,600 to 3,000 euros per ton. However, if they are compared with the prices registered in the same week of 2020 ...

Source: Agropopular