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EU forecasts in the olive oil market

Olive Oil
Tunisia
Turkiye
Published Jun 6, 2023

Original content

Olimerca.- The increase in the prices of olive oil at origin in the community framework already shows a negative impact on consumption, both inside and outside the EU in 2022/23. In the main producing countries of the EU, generally more sensitive to price movements, the drop could be around 11%. In addition, it is also estimated that retail purchases in this campaign will fall and the volumes of olive oils used to make different processed agri-food products will fall, which will be replaced by other cheaper oils such as sunflower. In the rest of the non-producing EU countries, and given a more premium positioning of the product, EVOO consumption could fall by 10% (in relation to the stable levels observed in the past years). If we talk about oil exports In the EU the experts consider that they could also be reduced, in relation to the higher exports last year, and a weaker purchasing power in some destinations. Therefore, olive oil shipments abroad are likely to remain this ...
Source: OliMerca
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