The olive campaign has started in Portugal and the forecast is that olive oil consumption will increase 7% in 2020/2021

Portugal is the first country producing extra virgin olive oil on the world market. In 2020, olive oil consumption is expected to increase 7% above the value of production. This week the olive campaign kicked off, in a year in which production of 100,000 tons of olive oil is estimated. The forecasts also anticipate an increase in the consumption of olive oil 7% above the estimated value for production, which translates into a reversal of the trend of recent years, according to Olivum - Southern Olive Growers Association. The modern olive grove (Alentejo and Ribatejo) is responsible for 70% of the national production of olive oil, with Portugal currently positioning itself as the 8th largest olive oil producer in the world, with record productivity in the Alentejo that can reach 18 tons of olives per hectare. Portugal is proportionally the first country in the world in quality production, producing 95% extra virgin and virgin olive oil. Spain and Italy occupy the second place, ...