Everyone talks about Spain but forgets Turkey with 625,000 tons of olive oil

Published 2024년 11월 20일

Tridge summary

Spain's increased olive oil production is contributing to a drop in prices across the EU, however, the European Commission's forecasts suggest that imports from Turkey could also significantly influence the market. Turkey's production is projected to rise to 475,000 tons by 2024/2025, and despite drought conditions, it takes six kilograms of olives to produce one liter of oil. There was a decrease in exports last year due to a ban on bulk olive oil, leading to a stockpile of around 100,000 to 150,000 tonnes. This surplus could be exported to EU markets, potentially driving prices down further. The article also points out that the European Commission's policies have made it difficult for EU olive producers, especially small lot producers in Greece, to compete with lower production costs in Tunisia and Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Everyone is talking about falling prices due to an increase in this year's olive oil production in Spain but they "forget" to mention the thousands of tons of Turkish olive oil waiting to be exported at a low price to the EU. Maybe because they are afraid to talk about "baptisms" of Turkish olive oil in our country, as has already happened with tomatoes and other products? Did you see any Turkish lemon, Turkish tomato, Egyptian orange, Serbian apple in the retail market? As you didn't find all of these, you're not going to find Turkish oil either. According to the recent autumn forecasts of the European Commission, in 2 million tons, this year's total olive oil production is expected to rise throughout the EU. As it emphasizes in its estimates, as the supply will increase this year, it is expected to bring a drop in prices, an increase in European exports and a decrease in imports into the EU. But there is a "caveat" in the above forecast for a reduction in imports, because as he ...
Source: Agrotypos

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