Spain: A critical stock is looming in the olive oil market
Olive Oil
Spain
Published Feb 28, 2023
Tridge summary
Olimerca.- While waiting to know the latest olive oil production data in the Mediterranean arc and with the official figures for January, it is clear that we are facing seven very complicated and very uncertain months that will lead us to a link between campaigns which can be very dramatic. The figures handled by both the IOC and DG Agri of the European Union suggest that we will arrive at the beginning of October with a volume of olive oil in the cellars of around 460,942 tons distributed in the main producing countries of the EU. of which 233,768 tons will be in Spain and 175,000 tons in Italy. (see attached table) A volume available to link between campaigns that will be really low. In the case of Spain, we have to go back to 2017, when at the same time we faced a 2017/18 campaign with 231,750 tons in stocks, although we had the lifeline that we had a good harvest of more than one million in our trees. ..
Original content
Olimerca.- While waiting to know the latest olive oil production data in the Mediterranean arc and with the official figures for January, it is clear that we are facing seven very complicated and very uncertain months that will lead us to a link between campaigns which can be very dramatic. The figures handled by both the IOC and DG Agri of the European Union suggest that we will arrive at the beginning of October with a volume of olive oil in the cellars of around 460,942 tons distributed in the main producing countries of the EU. of which 233,768 tons will be in Spain and 175,000 tons in Italy. (see attached table) A volume available to link between campaigns that will be really low. In the case of Spain, we have to go back to 2017, when at the same time we faced a 2017/18 campaign with 231,750 tons in stocks, although we had the life preserver that we had a good harvest in our trees of more than 1,200 tons. thousand tons. In order to reach these stocks, the balances as of ...
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