Inclement weather dampens Argentina olive harvest, but quality remains high

Published 2021년 6월 7일

Tridge summary

Argentina's olive harvest is expected to decrease by 16-18% due to adverse weather conditions, with the Ministry of Agriculture declaring a state of emergency in the olive-rich province of San Juan. The total harvest is projected to be around 80,000 tons for table olives and 27,000 tons for olive oil, whereas the Argentina Olive Federation anticipates a harvest of approximately 30,000 tons of olive oil. Despite the reduction in volume, olive oil prices remain stable with a slight increase, and the government's decision to eliminate export taxes has made the product more cost-effective. However, high export duties and production costs are hindering the sector's growth potential. The harvest season, which is expected to conclude in September 2021, is experiencing global challenges in maritime and air transport, and producers are struggling to export their products, especially with increasing competition from Chile.

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

Original content

Argentina’s olive harvest is expected to be slightly lower than in previous years following bad weather impacting the industry. Intermittent episodes of frost, hail, intense rainfall and floods led the Ministry of Agriculture to declare a state of emergency and agricultural disaster across the olive-grove-rich province of San Juan. In a statement, the ministry specifically mentioning the damage done to olive growers, along with vineyards and other fruit orchards. These declarations followed a May 17th statement in which a 180-day state of emergency and agricultural disaster was declared, “for reasons of late frosts and extreme temperatures for the olive-growing activity of Catamarca.” The impact on the industry and this year’s output is likely to be severe, with one expert forecasting a double-digit fall. Andrés Boscovich, an analyst with IES Consultores, told Olive Oil Times that the total olive harvest is expected to be about 16-percent lower than in the previous campaign. “In ...

Source: Olive Oil Times