Antigua and Barbuda: Olive oil exports fall and the domestic market improves in the first months of the campaign

Published 2021년 1월 5일

Tridge summary

The article reports on the performance of the 2020/21 olive oil market in its initial months (October and November) as per the Ministry of Agriculture's data. There has been a notable 1.8% increase in total marketing volume compared to the previous season, largely due to a significant surge in domestic sales, which rose by 18.7% to 111,200 tons. Despite this, exports have seen a decline of 6.3% from the previous season, totaling 182,700 tons. Import levels also increased by 46.6% to 38,400 tons. The production figure for the same period showed a substantial 31.1% increase, reaching 279,300 tons. Furthermore, the stocks available at the end of November were 515,000 tonnes, a decrease from the previous year's over 700,000 tonnes.

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

Original content

In the first two months of the current 2020/21 olive oil campaign (October and November 2020), 293,900 tons were marketed, representing an increase of 1.8% compared to the same period of the previous campaign, according to data from the Ministry of Agriculture. This increase is due to the improvement in sales in the domestic market, while exports are below the levels of the previous season. In those two months, 111,200 tons of olive oil were sold in the national market, an increase of 18.7% compared to October-November of the 2019/20 campaign. If compared with the average of the last four campaigns, the increase is 36%. On the contrary, exports are slower. Until the end of November they stood at 182,700 tons, 6.3% less than in the previous season. For their part, imports maintain high figures and totaled 38,400 tons (+ ...

Source: Agropopular