International Olive Council: "The trade war will not dampen interest in olive oil"

Published 2025년 3월 11일

Tridge summary

The International Olive Council's executive director, Jaime Lillo, expressed concern over the potential impact of commercial tariff wars on the olive oil industry, particularly in the United States, Canada, Australia, and Brazil, where consumer interest in olive oil remains strong despite uncertain tariff policies. In 2020, Spain exported olive oil to the United States, its largest agricultural product export, earning 1,013 million euros. The situation is seen as uncertain due to the upcoming tariffs announced by President Trump on agricultural imports, but Lillo remains optimistic about the future of the olive oil sector.

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Original content

The executive director of the International Olive Council (IOC), Jaime Lillo, has assured this Tuesday that the commercial tariff wars "will not break the growing interest" that the consumer is showing for olive oil in countries such as the United States, Canada, Australia or Brazil. In statements to Efeagro during his participation this Tuesday in the XII WOOE olive oil sector fair, he has admitted, however, that the IOC sees "with concern" the tariff policy promoted by the president of the United States, Donald Trump. The United States produces about 2% of the oil it consumes domestically "and it is a product in which Americans have a lot of interest," according to Lillo. It is a country, therefore, that depends "to a great extent on European and Spanish imports." These are, in his opinion, "very uncertain times" but he is "clear" that, "beyond the commercial wars or the current situation, the major consumption trends ...

Source: PEefeagro