Tunisia will double its olive oil production in the 2021/22 season

Published Sep 15, 2021

Tridge summary

The Spanish olive oil sector is nearing the end of the 2020/21 season with stable prices and expectations of a harvest of 1.3 to 1.5 million tons, depending on upcoming rainfall. The global production estimate is around 1.27 million tons, with Spain contributing the largest share, and consumption is projected to reach close to 3 million tons. Notably, South Africa's production is on the rise, with a potential harvest of 1.6 million liters in 2021, which could mark a significant increase from the previous year's 1.5 million liters, attributed to recent rainfall and an increase in farmers engaged in olive oil production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- When the Spanish sector approaches the end of the 2020/21 campaign in a climate of sustained prices and trusting in a harvest in a band of 1.3 / 1.5 MM tons, based on the rains that may fall in the field in the coming weeks, in the rest of the countries of the Mediterranean arc we find that the different operators are setting their sights on our market and on the evolution that prices may show for the future in the short and short term. medium term, as well as the potential new harvest. And it is that the potential producer of olive oil worldwide, and mainly in the Mediterranean environment, once again becomes the determining factor that will decisively influence the positioning of prices at origin in the main producing countries. In this context, the analyzes and evaluations collected by Olimerca indicate the following estimates in comparison with the data obtained in the campaign that is about to end: As can be seen, Portugal and Tunisia are the ones that show the ...

Source: OliMerca