Olive oil price to reach 10 euros per liter in Algeria

Published 2024년 10월 23일

Tridge summary

Argentina is the fourth largest olive producer globally, with an annual output of 900,000 tons, mainly for oil and food. The country aims to increase its olive cultivation area from 443,000 to 1 million hectares by 2030, producing 100 million liters of olive oil annually. Meanwhile, in the Maghreb region, olive oil prices have surged due to supply challenges. Tunisia focuses on exporting olive oil to Europe, leading to domestic shortages, while Morocco's production has declined due to drought, resulting in high prices and potential imports to satisfy demand.

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Original content

According to the International Olive Council (IOC), the annual production of olives in Argentina ranks fourth in the world, and the area of olive cultivation ranks seventh in the world. The average annual production of olives in Argentina is 900,000 tons, of which 600,000 tons are used for oil extraction and 300,000 tons are used for food. The annual production of olive oil in Argentina is 100 million liters. The olive planting area in Argentina is 443,000 hectares, accounting for 45% of the country's fruit tree planting area. Argentina plans to increase the olive planting area to 1 million hectares by 2030. Olive oil prices in the Maghreb region have generally risen. In order to obtain foreign exchange income, Tunisia gives priority to the implementation of olive oil export contracts to Europe, ...

Source: Foodmate