Tunisian Exports on Record-Breaking Pace

Published 2020년 8월 31일

Tridge summary

Tunisia is set to achieve a record in olive oil exports with a projected 340,000 tons in the 2019/20 crop year, valued at over $730 million, as reported by the National Olive Oil Board (ONH). This figures about 4.25% of the country's budget revenue. The surge in exports is largely due to lockdowns in Europe and a good crop yield, with 20,000 tons of packaged olive oil expected to reach 25,000 tons this season. The majority of these exports, around 80%, are to the European Union, but Tunisia has also increased its presence in the United States, Canada, India, and China.

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Original content

Tunisia is on pace to export a record-setting 340,000 tons of olive oil in the 2019/20 crop year, according to figures published by the country’s National Olive Oil Board (ONH). Chokri Bayoudh, the CEO of the ONH, told the local TAP news agency that the exports would be worth more than two billion dinar ($730 million) and the revenue created by the sales would make up roughly 4.25 percent of the government’s budget. While the vast majority of these exports are made up of bulk olive oil sales, Bayoudh pointed out that sales of packaged olive oil are also on the rise. “Exports of packaged olive oil rose to 20,000 tons. We hope that they will reach 25,000 tons by the end of this season,” Bayoudh said. For local producers, this is significant as packaged olive oil sales are worth 12 dinar ($4.40) per bottle, whereas olive oil sold in bulk is worth only six dinar ($2.20) per kilogram. Bayoudh partially attributed this record-setting year to lockdowns in Europe implemented as a result ...

Source: Olive Oil Times