Morocco's olive oil exports reach record levels as domestic prices rise

The figures for Morocco’s 2022 olive oil exports show an 85 percent growth in volume and a 49 percent growth in value compared to 2021. Data released by the Ministry of Agriculture, Fisheries and Rural Development show that such growth fares well above the average for Moroccan food exports. In 2022, agricultural and maritime food shipments grew 20 percent from the previous year. According to the Ministry, Morocco’s overall agricultural and agri-food exports exceeded MAD 73.8 million (€6,6 million) in November 2022. Much of that increased value is due to higher exports to the North American markets. As reported by H24info, data from December 2022 shows that the country surpassed the MAD 80 million threshold in food export value for the first time. In 2021, it reported a total of MAD 62.36 million. International Olive Council figures show that in the 2021/2022 season, Morocco exported 28 thousand tons of olive oil, more than doubling the previous two years’ numbers. Olive oil export ...