South African farmers enjoy production rebound

Published 2024년 10월 9일

Tridge summary

South Africa's olive growers have seen their most productive harvest in recent years, with production volumes at their highest in the 2023/24 crop year, reaching 1.6 million liters of olive oil, up from 1.2 million liters the previous year. The quality of table olives and extra virgin olive oil has also been exceptional, reflecting favorable growing conditions and expert production. However, the industry faces challenges such as high input costs, labor intensity, and competition from imported products, which are not VAT Zero-rated like other plant and seed oils, affecting market competitiveness. Despite these challenges, consumers continue to show interest in high-quality olive oils, with a growing understanding of their health benefits and culinary uses.

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

Original content

Olive growers in South Africa experienced a fruitful harvest, with production volumes reaching their highest in recent years. “The 2024 olive season for South African producers has been very successful,” said Wendy Petersen, chief executive of the SA Olive, an industry association. Olive oil production in South Africa is estimated to have reached 1.6 million liters during the 2023/24 crop year, a significant increase from the 1.2 million liters reported the previous year. Annual production typically fluctuates between 1.5 and two million liters. “We have seen an overall average increase from producers of between ten to 20 percent, with the quality of the extra virgin olive oil being very good,” Petersen said. “The exceptional quality of table olives and extra virgin olive oil this season highlights our producers’ dedication and hard work.” “This also reflects the favorable growing conditions and the expertise that have contributed to achieving such high standards,” she added. The ...

Source: Olive Oil Times