Olive Council forecasts significant decline in the global olive oil production

게시됨 2022년 12월 30일

Tridge 요약

The International Olive Council predicts a significant decrease in global olive oil production for the 2022/23 crop year, with a projected 18% drop to 2.73 million tons, marking a six-year low. This decline is largely due to reduced production in Western Europe and North Africa, with Spain and Italy experiencing the most significant drops. However, countries like Greece, Turkey, and nations in the Middle East have seen production increases, largely due to favorable weather conditions. Despite the global production decrease, olive oil consumption is expected to fall in many areas, with the United States and European Union experiencing the most significant drops. Concurrently, global table olive yields have increased to 3.10 million tons, surpassing 3 million for the first time in five years.

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원본 콘텐츠

The International Olive Council (IOC) estimates global olive oil production will hit a six-year low in the 2022/23 crop year, with output expected to reach 2.73 million tons. Recently-published IOC data indicate that the world will produce 18 percent less olive oil this year than in the 2021/22 crop year total of 3.40 million tons. Furthermore, yields are 12 percent below the rolling five-year average of 3.14 million tons. Precipitous drops in Western Europe and North Africa have fueled the significant decline. The eight main producing countries of the European Union combined to produce 1.50 million tons of olive oil, well below the 2.27 million tons of last year and 2.17 million ton average of the past half-decade. Spain experienced the most significant decrease, with production falling to 780,000 tons, the lowest since the 2012/13 crop year. Producers largely blamed high temperatures that damaged trees at the blossoming time and the effects of the unprecedented drought that ...

출처: Olive Oil Times