Analysis of consumption and output of olive oil worldwide, according to the EC

Olimerca.- With a campaign completely completed in the production of olive oil, in which a volume of 1,510 thousand tons has been obtained in the Mediterranean countries and about 1,001 thousand tons in third countries (Turkey, Tunisia, Morocco, Syria and others), in total in the world a total of 2,511 thousand tons have been obtained, the EC has prepared an analysis of the current situation of consumption and outputs (exports and imports) and in that context an approximation of which can provide the volume of olive oil stocks to carry out the link between campaigns. To evaluate this balance, it is important to note that apart from the short production, the report states that exports outside the EU, until the end of May 2024, have stood at 560,000 tons, which represents a drop of 12.8%. , logically due to the lower availability of olive oil in the main producing countries; while European Union imports of olive oil have increased by 28.8% to reach 200,000 tons. In parallel, the ...