Spain: Extenda opens new markets for Andalusian olive oil in Malaysia and Indonesia

Published 2022년 10월 14일

Tridge summary

Extenda-Andalucía Exportación e Inversión Extranjera recently held a commercial meeting in Singapore to promote the consumption of Andalusian extra virgin olive oil in Indonesia and Malaysia. This comes as Andalusia sees a significant growth in olive oil exports, both to Asia and globally, reaching record highs in the first seven months of 2022. The meeting included a tasting of oils from four Andalusian brands and meetings with potential buyers in Indonesia and Malaysia. The Singapore market is competitive but has potential, especially with the demand for healthy products and the lack of import duties on olive oil. The meeting was co-financed with funds from the European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Extenda-Andalucía Exportación e Inversión Extranjera has organized a commercial meeting, which took place between October 11 and 13 in the city of Singapore, to promote the consumption of Andalusian extra virgin olive oil among potential consumers in Indonesia and Malaysia, markets that present significant business opportunities. It should be noted that Andalusia is the leading community in olive oil exports to Asia, with 279 million euros in the first seven months of 2022 and a growth of 24.2%, with the best data in history since official data exists (nineteen ninety five). Similarly, Andalusian olive oil exports to the world reached a new historical record in the first seven months of 2022, with sales of 1,918 million euros and a growth of 27.3% year-on-year. This meeting, which included a tasting of oils from four Andalusian brands, was held within the framework of the 'Spanish Serenade' exhibition organized by Turespaña at the Garden By The Bay in Singapore, one of the main ...

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