Olive oil production in Spain will fall short of initial estimates

In a market bulletin, Spain's Cooperativas Agro-alimentarias estimated that production would rise to 755,000 tonnes by the end of the current harvest season. But despite the promising forecast, some experts doubt production will reach 755,000 tonnes due to unexpectedly low oil yields from olives that have already been crushed. Juan Vilar, chief executive of agriculture and olive oil consultancy Vilcon, also doubts production will reach 755,000 tonnes. He told The Olive Oil Times that since the olive harvesting and processing campaign was almost completed, it was extremely unlikely that Spain would achieve such high rates. “In my opinion, we will reach approximately 680,000 tons or at best 710,000 tons,” Vilar said. “Since we are already in January, adding another 100,000 tons to the amount already received is very difficult.” “The total volume of products already collected to date is less than 600,000 tons,” he added. “If we want to reach 755,000 tonnes, we need at least 150,000 ...