OLIVE OIL – PROVISIONAL DATA 2018/19 CROP YEAR

The provisional data for the 2018/19 crop year show world production at 3 217 500 t, 4.8%, or 161 500 t, less than the previous crop year. Consumption is expected to fall by 4.3%, standing at 2 909 000 t, and imports and exports are to total 968 500 t and 971 500 t respectively. IOC member countries produce a total of 3 039 500 t, representing 94.5% of the world total for the 2018/19 crop year. European countries total 2 263 500 t, an increase of 3.4% on the previous crop year. Spain is expected to produce the most, with 1 789 900 t (+41.8%), followed by Greece 185 000 t (-46.5%), Italy (-59.5%) and Portugal 100 316 t (-25.6%). Production in other member countries is to fall by 22.9% to 776 000 t: Turkey leads with 193 500 t (-26.4%), followed by Morocco 200 000 t (+42.9%), Tunisia 140 000 t (-56.9%), Algeria 97 000 t (+17.6%), and the rest to total 145 500 t. As for consumption, member countries total 2 009 500 t, a fall of 8%, and non-IOC member countries total 899 500 t, an increase of 5.3% over the previous crop year.

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