Until the end of January, 775,300 tons of olive oil had been obtained in Spain

Published 2024년 3월 4일

Tridge summary

Spain's olive oil production until the end of January 2024 reached 775,300 tons, surpassing the Ministry of Agriculture's October 2023 estimate and marking an increase from the previous year's 665,800 tons. Despite this, the first four months of the 2023/24 campaign saw a 2.3% decrease in marketing due to a 12% drop in exports. However, domestic sales and imports have seen a rise of 15.9% and 10.5% respectively. Stocks at the end of January were slightly lower than the previous year, standing at 734,400 tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Until the end of January, 775,300 tons of olive oil had been obtained in Spain, according to the latest data published by the Ministry of Agriculture. This figure is already somewhat above the latest estimates that were being used and we will still have to add the less significant quantities that are produced until April-May. The last balance prepared by the Ministry, which dates back to October 2023, at the beginning of the campaign, pointed to a volume of 766,000 tons. The quantity milled until the end of January is slightly more than 100,000 tons higher than the volume obtained in the last campaign, which stood at only 665,800 tons, although it is still very short compared to a normal campaign. Regarding marketing, in January it stood at 105,900 tons, above that recorded in previous months, bringing the accumulated total in the first four months of the current 2023/24 campaign to 378,100 tons, a 2.3 % less than in the same period of 2022/23. This ...
Source: Agropopular

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