Global olive oil production could fall by 20% due to global warming
Sustainability & Environmental Impact
Market & Price Trends
Published Nov 25, 2023
Experts in the olive grove and olive oil industry emphasize the global importance of this crop on World Olive Day. The sector provides economic and cultural value, and has a significant social impact by employing many people, particularly small-scale producers. The olive industry in the Mediterranean faces challenges such as price volatility and climate change, which could lead to a 20% decrease in production with a 1.5ºC increase in temperatures.
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Experts from the olive grove and olive oil sector have highlighted the importance of this crop for all producing and consuming countries to celebrate World Olive Day, on November 26, during a day titled “World Olive Day FAO : A look into the future”, organized by the Olive Oil World Congress at the FAO headquarters in Rome. In the words of Máximo Torero, head and deputy director general of the Department of Economic and Social Development of the Food and Agriculture Organization of the United Nations in Rome, “olive cultivation has fundamental importance worldwide due to the versatility and both economic and cultural value that it contributes. It is an important economic activity in many countries and has a significant social impact, as it employs many people and often involves small producers.” With this event, the OOWC, which organizes its first edition from June 26 to 28 in Madrid, reaffirms its commitment to the olive grove and olive oil sector. And, due to the difficult ...