World olive oil production will fall by 20% this season, according to the IOC
Olive Oil
Published Mar 1, 2023
Original content
World olive oil production will fall 19.7% in the 2022-2023 campaign and will stand at 2.73 million tons, according to estimates released by the International Olive Oil Council (IOC). The head of the Department of Economic and IOC Statistician, Juan Luis Vicente, has presented the data during a conference organized within the framework of the promotional activities of the World Olive Oil Congress to be held in 2024. According to his forecasts, the production of olive oil in the Union European Union will decrease 33.8% compared to the 2021-2022 campaign, while -by country- the decrease will be 47.7% in Spain, 50.9% in Greece, 39.4% in Portugal and 28 .6% in Italy. During this campaign, olive oil imports will increase 38.6% in Spain and 32.2% in Italy; and in the field of exports, those of France will decrease by 63.9%; those of Spain will drop 35.8%; those of Italy will decrease by 20.9% and those of Greece will grow by 14.3%. Worldwide, sales abroad will register a decline of ...
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