After Tunisia which announced a new record olive oil campaign with over 330 thousand tons of olive oil, here is the Morocco. Here they are forecasts are more than optimistic: at least 200 thousand tons of oil, more double compared to last year when 90 thousand tons had been recorded.
A growth which, according to the Moroccan Interprofessional Olive Federation, is due to particularly favorable weather conditions, which lead us to expect that the olive harvest reaches 2 million tons, compared to 950.000 the previous year.
Whereas domestic consumption will absorb 140 thousand tons, exports will be able to count on the remaining 60 thousand. And the European markets – with Italy e Spain ready to seize opportunities – remain the preferred destination. Our country in particular, which remains the largest importer of oil, with the olive oil industry finding an interesting opportunity in the quality/price ratio of Moroccan oil. By strengthening its production, Rabat hopes to consolidate its position as second largest African producer, after Tunisia, and to make a leap forward in terms of competitiveness on the world market.
But Morocco’s attention is also focused on thethe United States. The reason? I duties, which for Morocco weigh for the 10%, compared to the 15% applied to other European countries. While this is not a concern for Italy – Made in Italy products in the star-spangled country are in a different quality and price range – other producing countries whose oil prices are much lower, such as Tunisia, Turkey (which however register duties of 25 and 15% respectively) or even Spain, Portugal e Greece.
In short, if these figures are confirmed, the Morocco not only will it double its production in just one year, but It will also position itself in the sights of the main international marketsIn this context, the current challenge for Interprolive is to leverage the export surplus and strengthen the country’s brand, positioning Moroccan olive oil as an increasingly important player in world trade.
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