Spain: Olive oil production exceeds its initial forecast with more than 775,000 tons

The accumulated olive oil production in the current campaign has already exceeded the initial capacity, with a total of 774,653 tons registered in the oil mills between October and January. According to the latest statistics from the Ministry of Agriculture, Fisheries and Food (MAPA) on the situation of the olive oil market, production in oil mills has been 774,653 tons recorded in the first four months of the campaign. At first, the Government estimated that olive oil production in Spain was going to be limited to about 765,300 tons in the 2023-2024 campaign (from October 2023 to September 2024), 15% more than in the previous one. campaign but 34% below the average of the last four. However, production in the first four months of the campaign stood at 775,300 tons, which represents an increase of 25% compared to the same period of the 2022-2023 campaign, although it is still 24% below the average. of the last four, according to the latest market bulletin published by MAPA. Stocks ...