Global: Olive oil consumption moves to other countries after climate impact

Olive Oil
Published Feb 26, 2024

Tridge summary

The International Olive Oil Council (IOC) reports that climate change, specifically heat waves and water scarcity, has negatively impacted olive oil production in the Mediterranean, particularly in Spain, which accounts for 40% of global production. This has led to a decrease in consumption in the Mediterranean and the European Union, while countries like the United States, Canada, China, Japan, and Australia have been less affected. Despite these challenges, global olive oil production remains steady at around 3 million tons annually, which is 2% of the world's vegetable oil production.
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Original content

Olive oil consumption is moving to other countries after having been affected in the Mediterranean basin by the impact of climate change in the fall in production, according to the International Olive Oil Council (IOC). The executive director of the IOC, Jaime Lillo, highlighted that the sector is experiencing the consequences of climate change, during his opening talk of the eleventh edition of the World Olive Oil Exhibition (WOOE), the largest in the world dedicated exclusively to olive oil. olive and in which more than 800 companies participate. Lillo explained that heat waves and lack of water have influenced the recent short harvests, which have interrupted the increase in demand for olive oil. If before the growth in production had been possible due to new surfaces, techniques and investments, that trend has been broken and a new one marked by the stabilization of short campaigns has been entered, Lillo has assured. This phenomenon has especially affected Mediterranean ...
Source: PEefeagro
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