Promising harvest forecast in Europe could reduce olive oil prices in Brazil by 20% in 2025

After two years of challenges for the sector, European olive oil production, which predominantly supplies the Brazilian market, is expected to show a significant recovery, which could result in a reduction of up to 20% in the price of olive oil in Brazil by 2025. With domestic production still limited, Brazil depends almost entirely on imports from Europe to meet domestic consumption. This scenario makes the country particularly vulnerable to fluctuations in global production, especially in the main producing regions. In recent years, unfavorable weather conditions have reduced the supply of olive oil, leading to record prices. However, the new harvest, which began in October, brings good prospects. The expectation is for robust production in the main producing countries, such as Spain, Tunisia, Turkey and Greece, which should balance the market and generate a drop in prices for the Brazilian consumer. According to Leonardo Scandola, commercial director of Filippo Berio in Latin ...