Light harvest in Argentina accompanied by rising production costs

Published 2024년 9월 23일

Tridge summary

Argentina's olive oil production has seen a significant decrease in 2024, following a record harvest in 2023, with an estimated production of 12,000 tons, marking a 30% drop from the previous year. This decline is due to the natural alternate bearing cycle of olive trees. Despite the drop, producers are optimistic about the future, especially with the shift towards super-high-density groves and new plantings. However, increased input costs, such as electricity, have resulted from government spending cuts. The Milei government's measures, including the removal of subsidies and price controls, have led to higher consumer goods prices, limiting olive oil consumption to the upper classes. Nonetheless, Argentine producers remain resilient, hoping for a rebound in 2025 and seeking advantages from high olive oil prices and upcoming reforms.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a record harvest that beat expectations in 2023, olive oil production in Argentina fell substantially in 2024. The world’s largest olive oil-producing country outside the Mediterranean basin produced 40,000 metric tons of olive oil in 2023, capping off three consecutive years of bumper harvests. While official data have not yet been published, Julián Clusellas, president of La Rioja-based Valle de la Puerta and an Argentina Olive Federation board member, estimated that the 2024 harvest would be 30 percent of the 2023 harvest – about 12,000 tons. “Production was lower compared to 2023,” confirmed Guillermo Kemp, the commercial director of San Juan-based Solfrut and fellow AOF board member. “We do not have official data from all provinces yet, but that number could be a good approximation.” “At Solfrut, we had a year of lower production than last year, which aligns with what happened throughout the country,” he added. “We are working hard on our farms to have significant ...

Source: Olive Oil Times