Global: Highlights of the USDA November 2024 Review

게시됨 2024년 11월 11일

Tridge 요약

Global olive oil production is set to recover in 2024/25, reaching nearly 3.1 million tonnes, a 27% increase from the previous year. This rebound is due to better weather conditions in key Mediterranean countries like Spain, Greece, Portugal, and Turkey, and the alternate-fruiting cycle of olive trees. The European Union is expected to see a significant rise in production, led by Spain, while other Mediterranean countries, including Turkey and Tunisia, are also expected to recover. However, production in Italy and Morocco may decline. Global exports and consumption of olive oil are also predicted to rise, although prices are likely to remain high due to low initial global stocks. In contrast, global millings and trade in other oilseeds are projected to decrease, and the US soybean season average price forecast remains unchanged at $10.80 per bushel.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Global olive oil production forecast to recover in 2024/25 Global olive oil production in 2024/25 is expected to reach almost 3.1 million tonnes, up 27 per cent from last year. This marks a recovery from two years of smaller harvests that significantly reduced global supplies and pushed prices to their highest levels ever. Most of the world’s olives used to produce olive oil are grown in countries surrounding the Mediterranean Sea. This region experienced drought and poor weather conditions in 2022/23 and 2023/24, which negatively impacted olive yields for many producers. Yields are also expected to be higher in 2024/25 due to the onset of the alternate-fruiting cycle of olive trees in many growing regions in Spain, Greece, Portugal, Turkey and Tunisia. Harvest has begun in the Mediterranean region, with most producers expecting a good year, although prices are likely to remain high due to low initial global stocks. The European Union is expected to produce almost 2.0 million ...

출처: Oilworld