Spain: Olive oil production in November exceeded 255,000 tons

Published 2024년 12월 11일

Tridge summary

Spain's initial provisional balance for its olive oil campaign shows that production in November was nearly on par with the previous year, reaching 255,743 tons. The total volume of olive oil, including October production and stocks, came to 292,020 tons. However, exports in November were disappointing, with a volume of 73,298 tonnes and imports estimated around 25,000 tonnes. This performance falls short of expectations and highlights the need for Spain to increase its exports to compete in the market, especially with countries like Turkey, Tunisia, and Greece.

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

Original content

Olimerca.- The first provisional balance of the olive oil campaign in Spain is now known, based on information prepared by the Ministry of Agriculture in collaboration with the Food Information and Control Agency. According to this first advance, olive oil production in November reached 255,743 tons, a figure practically in line with the previous year at this time (228,000 tons), together with the 36,277 tons produced in October, this gives us a total volume of 292,020 tons. This amount, together with the stocks in oil mills and bottlers, gives us a total of 321,148 tons of olive oil. And if we talk about the behaviour of the exports, the data for the month of November is not exactly very encouraging: the MAPA report shows a volume of 73,298 tonnes, to which we must include imports that are estimated to be around 25,000 tonnes, of which 12,000 tonnes come from Portugal. A figure that has disappointed those who hoped that with the fall in prices at source and the greater ...

Source: OliMerca