Portugal foresees a 25% increase in its olive production this campaign

The olive harvest in Portugal is considered normal, although affected by the increase in temperature during flowering and fruit setting. An increase of 25% is expected compared to the previous year, due to the increase in average productivity in traditional olive groves and the entry into production of new intensive olive groves. The decline in global olive oil production, mainly in Spain, the largest producer, has impacted bulk oil prices in Portugal, with an increase of 91% at the beginning of December. Data provided by the National Institute of Statistics of this country, published in the last Bulletin Mensal da Agricultura e Pescas corresponding to the month of January. Bulk olive oil prices in Portugal show a continued increase, with variations of 84.6% in November and 91% in December, which represents an increase of 4.1%. Export market Olive oil exports totaled 863.5 million euros from January to November 2023, reflecting a growth of 6.1% compared to the previous year, ...