Spain: Olive oil shipments are revised upwards in November

Published 2024년 1월 5일

Tridge summary

Despite increasing prices at origin, the Spanish olive oil sector has seen an increase in olive oil imports, leading to better departures in November. The latest review shows a total of 22,000 tons imported in November, exceeding initial estimates of 12,000 tons. The sector's performance continues to be strong, but attention will now turn to December's data to evaluate the impact of potential significant rains and whether harvest forecasts will be met.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- Good news for the entire Spanish olive oil sector. According to the latest review of the data provided at the beginning of December by the Food Information and Control Agency (AICA), in recent days an increase in olive oil imports has been updated, which translates into better behavior of the departures in November, reaching almost 90,000 tons. This latest review shows that a total of 22,000 tons would have been imported in November, when the first estimates pointed to 12,000, which represents a volume of outputs of 89,760 tons, compared to the 79,120 tons estimated at the end of November. Once again, the magnificent performance of the Spanish olive oil market continues to surprise, despite the unstoppable increases in prices at origin. We will now have to be attentive to the data ...
Source: OliMerca

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