Italy: A sharp drop in olive oil production is expected, although its quality is high
Olive Oil
Italy
Published Nov 30, 2022
Tridge summary
More than 120,000 tons of Italian olive oil less than in the last campaign, a 37% drop in production that, if confirmed, could drop Italy from second to third place among the world's leading producers. This is clear from the estimates prepared by ISMEA in collaboration with Italia Olivicola and Unaprol, based on the latest survey carried out at the beginning of November, which places the production of the 2022/23 campaign at 208 thousand tons.
Original content
Expectations about world availability are also pessimistic, with forecasts of a drop in Iberian production of between -30% and -50%. Among the main producing countries, only Greece is estimated to be able to exceed last year's levels, reaching over 300,000 tonnes, while outside the EU borders Tunisia is also likely to experience a dump year, with a reduction of around 25% The climatic problems have influenced the Italian production, first of all the long drought and the high summer temperatures, which hinder the vegetative development of the olive groves, but also the fact that in many areas with a greater olive vocation, harvesting as soon as had already started should be ...
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