The crisis of olive oil in the EU has opened opportunities for rapeseed oil

Published 2023년 12월 17일

Tridge summary

Spain had a successful olive harvest, producing 660 thousand tons of olives, while Italy's olive harvest was 37% lower, resulting in a total of 290 thousand tons of olive oil. The decrease in olive oil production in Italy was attributed to bad weather. In Germany, the prices for olive oil increased by 43.5% while cooking fats and oils became 11.5% cheaper, making olive oil likely to become the most popular culinary oil.

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Original content

Spain, the largest producer in the world, collected a total of 660 thousand. tons of olives totaling 1.5 million tons, write UkrAgroConsult. In Italy, the olive harvest in 2022/23 was 37% lower than the previous year. According to official estimates, Italy totals 290 thousand. tons of olive oil in the 2023-2024 season. The price is 20% more, lower than before, but less than the average for 302.5 thousand. T. The reason for this situation was the weather. In the spring, Spain suffered especially from the dryness; the heat during the flowering hour did not allow the fruits to set. Greece was hit by storms. Bad weather hit the outskirts of Africa and the nearby gathering. In Germany, prices for olive oil increased by 43.5% in leaf fall. Against this backdrop, cooking fats ...

Source: AgroPortal.ua