Spain: The bump in olive oil outlets in December is confirmed

Published 2023년 1월 11일

Tridge summary

Spain's olive oil sector faced challenges in December, with oil shipments reaching only 57,329 tons and production at 232,391 tons, marking a 50% decrease from the previous month. The total production for the campaign up to December was 431,091 tons, with stocks in mills at 382,332 tons and in packers at 233,761 tons, making a grand total of 625,667 tons. Despite the challenges, there is optimism for adding 200,000 tons to the current data in the remaining weeks of the campaign, aiming to stabilize the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- As predicted by the olive oil sector as a whole in Spain a few weeks ago, oil shipments in the last month of the year were only 57,329 tons, not including imports, which could be around 18 /20,000 tons. A fact that, despite being expected, given the short availability of olive oil this campaign, is still worrisome. But, on the other hand, it is evident that the production in the month of December has also been very short, with only 232,391 tons, especially due to the fact that there have been fewer days available this month to collect the olives. due to the important rains that fell, without forgetting that the damage of the drought was in the tree and in the fruit. We are talking about a production in December that is 50% less than in the previous campaign when that month reached 542,600 tons. Thus, we have entered the month of January with production stocks of 382,332 tons, in packers with 233,761 tons, giving a total of 625,667 tons. Lastly, with just a few weeks to ...
Source: OliMerca

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