Rains paralyze the olive harvest and further strain olive oil prices in Spain

게시됨 2024년 10월 30일

Tridge 요약

The article provides an overview of the upcoming olive oil campaign in Spain, outlining the challenges and opportunities facing the industry. With a production forecast of 1,289,882 tons and a history-making highest import level, the campaign aims to recover domestic consumption, assuming oil prices permit. However, recent rainfall has delayed the olive harvest, potentially leading to a supply shortage and increased prices. The current campaign has seen record imports and exports, although domestic consumption has declined due to high olive oil prices, driving consumers towards cheaper options. The initiative also highlights the Inauguration of the 29th ASAJA-Sevilla Olive Grove Conference and the introduction of the Biolivar project, aimed at promoting sustainability in the olive sector by enhancing biodiversity and reducing soil erosion.

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원본 콘텐츠

With the shortest campaign link in the last decade and the highest imports in history, the campaign begins with forecasts of 1,289,882 tons of production and the challenge of recovering domestic consumption, if oil prices, a real unknown, allow it. The rains that have been falling in recent days, although welcome, complicate the recently started harvest of milled olives. With a market as sensitive as that of olive oil, where inclement weather has an immediate effect on prices, "paralyzing the harvest further strains the rope in a 2024-2025 campaign that has begun with only 186,304 initial stocks, a link so short not seen since 2015, that if olives cannot be collected for just a few days, it can lead to the bottling industry - which currently has oil for only 30 days - being left with nothing and can cause prices to rise again." This was stated yesterday by the managing director of Oleoestepa, Álvaro Olavarría, during the celebration of the XXIX ASAJA-Sevilla Olive Grove ...

출처: Cuaderno Agrario