In bid to boost exports, Algeria plants millions of olive trees

Published 2021년 4월 13일

Tridge summary

Algeria is planning to increase its olive tree cultivation by 400,000 hectares by 2024, nearly doubling its current olive groves, as part of a strategy to boost olive oil exports. The country, which is already the ninth-largest olive oil producer globally, sees the sector as having high development potential. However, the president of Algeria’s National Interprofessional Council for the Olive Sector pointed out that the sector's potential is being hindered by inefficient and traditional production methods used by most farmers. The government is advocating for the sector to become more integrated and modernized, including converting traditional groves to high-density and super-high-density farms, to reduce production costs and improve competitiveness in exports. The plan also includes irrigating more olive groves due to decreasing rainfall caused by climate change, which is expected to further reduce by 16% over the next 30 years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A new initiative is underway in Algeria to plant 400,000 hectares of olive trees across the country by 2024. Belaâsla M’hamed, the president of Algeria’s National Interprofessional Council for the Olive Sector, said the program will almost double the total amount of olive groves currently grown in the country, estimated to be 500,000 hectares. The announcement comes on the heels of a separate initiative from the Algerian government to stimulate olive oil exports by lowering bureaucratic hurdles and providing more resources to producers and exporters. The government sees olive oil as one of the sectors in the country with the highest development potential. According to data from the Observatory of Economic Complexity (OEC), Algeria exported $178,000 (€150,000) worth of virgin and extra virgin olive oil in 2019 (the last year for which data are available), an increase of more than 1,000 percent since 2000. Algeria also exports non-virgin olive oils blended with other vegetable oils ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.