Morocco: Olive exports fall while imports explode

Published 2024년 1월 25일

Tridge summary

Morocco, a global leader in olive production, has experienced a significant drop in canned olive exports during the 2022/23 campaign due to a drought-induced poor harvest. Exports plummeted by nearly one-third to 82,000 tonnes, marking a decade low, while imports surged to a record 3,000 tonnes, an 11-fold increase from the previous year. To stabilize domestic prices, the country had to impose a ban on olive oil exports in fall 2023. Despite these setbacks, the local industry remains optimistic about a recovery in the 2023/24 campaign.

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

Original content

Exports of canned olives are falling drastically while imports are reaching record highs. During the 2022/23 campaign, Morocco faced an unprecedented situation, severely impacting its exports of canned olives. The country suffered one of its worst seasons in a decade, with exports falling by almost a third, while imports of canned olives reached record levels. Moroccan exporters have seen their sales of canned olives collapse, reaching only 82 thousand tonnes during the 2022/23 campaign. This figure represents a significant drop from the previous season and is close to the lowest level in a decade. The Mediterranean olive crisis has hit Morocco hard, forcing the country to ban the export of olive oil in the fall of 2023 to stabilize domestic prices. Alongside the fall in exports, the Moroccan market recorded an unprecedented increase in imports of canned olives, reaching 3,000 tonnes during the same campaign. This represents a remarkable increase of almost 11 times over the ...

Source: Agrimaroc