The group of experts who are responsible for monitoring olive oil statistics for the IOC met on 1 October at headquarters in Madrid.
According to the provisional data provided by the countries, global production reached 3 315 000 t in the 2017/2018 crop year, although the data is only provisional. This indicates a 28% increase, 723 500 t more than the previous crop year. Consumption stands at around 2 958 000 t (+9%), and imports and exports total 889 000 t and 925 000 t respectively. The member countries of the IOC produced a total of 3 133 500 t, or 94.5% of the total world production for