MARKET NEWSLETTER JUNE 2013

Estimated at 2 422 000 t, world table olive production in the 2012/13 crop year is expected to be similar to the level of the season before. Aggregate output will be lower in the EU producing countries, going down by 2 pc compared with 2011/12. Itemised scrutiny reveals that production in Spain (482 000 t) and Italy (74 000 t) will decrease by 8 pc and 3 pc respectively whereas in Greece (160 000 t) and Portugal (9 100 t) it will increase by respective rates of 23 pc and 1 pc. Looking at production in the non-EU member countries of the IOC, Turkey (410 000 t) is expected to record 2 pc growth and lies in second position in the world production ranking after Spain. Next is Egypt with an output of 375 000 t (-2 pc on 2011/12), Algeria with 175 000 t …