W12: Weekly Olive & Olive Oil Update
Olive
Spain
Spain Asks Brussels to Resort Again to the WTO for the Tariff on Black Olives From the USA
Luis Planas, the minister of agriculture, fisheries, and food, announced on Monday that he would urge the European Commission to once more turn to the World Trade Organization (WTO) to reactivate the recognition panel on the situation of black olives so that the United States would remove the tariffs that the Trump administration had put in place since 2018 on imports of this Spanish-made good. The WTO sided with the Spanish black olive producers in its decision from last November and decided that a portion of the tariffs imposed by the US on the export of this product to the North American market since 2018 (more specifically, the 15% imposed by the alleged illegal aid to the sector) should be lifted.
Italy
Italian Olive Farmers Take Stock of Current Harvest, Look Ahead to Challenges
The majority of central and northern Italy saw a rise in olive oil production in the crop year 2022/23, while the south saw a decrease. Puglia, Sicilia, and Calabria, which typically make up a sizeable portion of Italy's production, were adversely affected by a number of weather-related problems as well as an "off-year" in the olive trees' natural alternate bearing cycle. Lack of rain has harmed olive trees all over the nation since the start of the phenological phases. Late frosts also affected some regions, which prevented flowering and fruit setting and produced several instances of fruit drop.
Chile
Despite the Drought, the Anticipation of a Promising Olive Harvest in Chile
The upcoming olive crop is anticipated with optimism by growers and producers all over Chile despite the ongoing drought that has affected a large portion of the fertile central valley of the country. The region's hydrological deficit grew in December, according to the nation's meteorological service. The majority of the country's olive trees are located in the central valley, which is now completely dry. Nevertheless, growers anticipate that the 2023 crop will surpass the 2022 harvest, which produced 21,000MT of olive oil, slightly less than the five-year rolling average. The majority of farmers expect that the harvest will start in the middle of April and last until June.
Olive Oil
Spain
The Market for Organic Products Reaches a Value of USD 3088.80M in Spain
In 2022, Spain's entire organic industry was worth USD 3088.80M. The largest products grown in the country are nuts, which occupy 262,280 hectares, olives, which occupy 256,507 hectares, cereals, which occupy 241,913 hectares, and vineyards, which occupy 142,176 hectares. However, at a percentage level, the four products that have expanded the most, however, are nuts (33%), bananas and subtropical (23%), citrus (21%), and olive groves (15%).
Turkey
BalıKesir’s Edremit Chamber of Commerce Hunt for Edremit Olive Oil
The Edremit Chamber of Commerce in Balkesir submitted an application to the General Directorate of Agriculture and Rural Development of the European Union Commission for the licensing of "Edremit Olive Oil" with the protection of the name of origin. The European Union Commission will register Edremit Olive Oil as the final step in the registration procedure following the publication period of 3 months. Another important step in the EU Commission for Edremit Olive Oil resulted in success. With the completion of the announcement period, the number of registered products representing Turkey in the EU Commission will be 10.
