Although forecasts for the next olive oil campaign in Italy suggest substantial growth compared to last year – as anticipated by Olivonews – there should be no changes in the ranking of the largest olive oil producing countries. This is what theEconomic Office of Aipo – Interregional Association of Olive Oil Producers, through its network of contacts in the Mediterranean basin countries which, as is well known, represent the beating heart of global olive growing.
Based on these estimates, the Spain will consolidate its leadership with a csignificant growth (from 1,4 to 1,7 million tons, +24%).
La Turkey he will lose something but will confirm its second place with over 430 thousand tons.
It will be recordedTunisia’s production will surge from 220 to more than 350 thousand tons (+61%).
It will take back the Greece and will exceed 300 thousand tons (+22%).
THEItaly, therefore, will confirm the fifth place of last year while maintaining about 300 thousand tons (+21%)A position far removed from that of a decade ago, when it was the only country of reference after Spain. At a safe distance Portugal 200 thousand tons e Morocco with 90 thousand which record modest increases.
Overall, Olive oil production in the Mediterranean area is expected to grow by around 20%, from 2,8 to 3,4 million tons of oil.
Il positive outcome for Italy may be represented by the price dynamics. If in fact for standard oils it is imaginable a descent, to national quality oils should be insured a still very interesting value, as the analysis of well explains Roberta Rogeri, from the Aipo Economic Office, in this week’s video.
Dining and Cooking