Olive oil: Low production in Spain and Tunisia, good production in Italy

Published 2021년 8월 28일

Tridge summary

The article highlights the potential significant increase in the price of durum wheat and olive oil due to adverse climate conditions in major production regions like Spain, Portugal, Tunisia, and to a lesser extent, Italy. The reduced olive oil production in Spain and Tunisia, coupled with good harvest forecasts in Greece and a potentially stable Italian production of around 300,000 tons, could lead to a substantial price hike. The average price of Italian extra virgin olive oil ranges from 8 to 12 euros per liter, and consumers are cautioned against adulteration and to support local, trustworthy producers to ensure quality and health safety.

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

Original content

Yesterday we took stock of the situation on durum wheat in Southern Italy and Sicily. To discover that in Canada, due to a reduction in production, the price of wheat is around 70 euros per quintal! And while in Puglia the price of durum wheat 'travels' around 44 euros per quintal, in Sicily there remains a 'bearish' line, if it is true that there is no way to 'nail down' the price from 35-36 euros per quintal. VAT included (Sicilian hinterland, something more in other areas of our island). But, even in Sicily, it is only a matter of time, because the price of durum wheat will go up. You just need to have a little patience. Today, again thanks to Mario Pagliaro, a CNR chemist and climatology enthusiast, we try to illustrate the situation in another sector of agriculture: the production of olive oil. In Mediterranean Europe, the production of olive oil is important. However, this year, compared to other years, there is a big news linked to the climatic trend that could cause the ...

Source: Inuovivespri