Spain: Olive harvest in Seville at risk due to rain

Published 2024년 10월 31일

Tridge summary

Recent heavy rains have disrupted the mill olive harvest in Andalusia, causing concerns for the already unpredictable olive oil market and threatening to deplete already low reserves. The beginning of the 2024-2025 campaign sees the market at its lowest since 2015 with only 186,304 tons of oil in stock, potentially leading to a shortage for the packaging industry in as little as 30 days if the harvest does not resume. The situation is further complicated by a history of fluctuating imports and exports, alongside a decline in domestic consumption. Despite an expected increase in production for the current campaign, the market remains volatile, with unpredictable prices influenced by weather conditions and consumer preferences shifting towards cheaper options.

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

Original content

Recent rains have forced the mill olive harvest to be interrupted in Andalusia, generating tensions in an olive oil market that is already facing an uncertain campaign with few reserves. The 2024-2025 campaign began with only 186,304 tons of oil in stock, the lowest level since 2015, which could leave the packaging industry without product in just 30 days if the harvest remains paralyzed. The impact of the low availability of oil on the increase in imports, which reached a record of 246,200 tons in the 2023-2024 campaign. Exports, on the other hand, decreased by 30%, from 1,073,000 tons in the 2021-2022 campaign to 752,250 tons in 2023-2024, reflecting the lack of product on the market. Domestic consumption in Spain has also shown a downward trend. In the 2022-2023 campaign, olive oil consumption fell to 367,400 tons from 598,400 in the previous season, although in 2023-2024 it rebounded slightly to 409,900 tons. "Our goal is to reach 500,000 tons," said Álvaro Olavarría, managing ...

Source: Agrodigital