Spanish olive campaign ends with 1.67 million tons and prospects of a significant reduction in the next harvest

The 2021/2022 olive oil campaign, which ended on September 30, has ended with a sales record, a total of 1.67 million tons divided between national consumption and exports. This has been indicated by the Ministry of Agriculture, Fisheries and Food (MAPA), which has also estimated a "significant reduction" in production for the next 2022/2023 campaign, with some 780,000 tons of olive oil. In the campaign that has ended, 1, 08 million tons abroad and 592,092 tons for domestic consumption, with final stocks of 453,420 tons. In total, up to 2.12 million tons of olive oil have been obtained, while in pomace the amount amounts to 296,448 tons (with 150,139 tons for export and 74,309 for domestic consumption) and in table olives, 1.05 million tons (308,510 tons for export and 204,733 for domestic consumption). On average, oil prices of olives have been 27% higher than those obtained in the previous season, largely offsetting the increase in production costs and improving the remuneration ...