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Olive oil production has tripled in the last 60 years, reaching 3 379 000 t in the 2017/18 crop year. The production estimate for the 2019/20 crop year puts production at 3 144 000 t (-2.3%).
According to official data from the countries and estimates from the Executive Secretariat, world production in the 2019/20 crop year is estimated to be around 3 144 000 t, which will mean a decrease of around 2.3% compared to the previous crop year. Imports and exports are estimated to exceed 950 000 t respectively.
IOC member countries estimate a total production of 2 942 500 t, which will represent 93.6% of the world total for the 2019/20 crop year and a decrease of 3.2% compared to the previous year. Producer countries in the EU are forecasting a production of 2 011 000 t, a fall of 11.1% . The rest of member countries are estimated to produce a total of 931 500 t, with an increase of 155 500 t, 20.0% more than the previous crop year.
World consumption could reach 3,094,000 t, an increase of 6.4% over the previous crop year.
For more information, see our newsletter at the link below in the international market section
https://www.internationaloliveoil.org/wp-content/uploads/2019/12/NEWSLETTER_144_ENGLISH.pdf
