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Global olive oil production forecast to recover in 2024/25 Global olive oil production in 2024/25 is expected to reach almost 3.1 million tonnes, up 27 per cent from last year.

Tunisia and Turkey are offering their fresh olive oils at ever lower prices, finally breaking downward even at 5 euros per kilo, with Spanish and Italian buyers turning their purchasing interest 100% towards these markets in the immediate future, ensuring the necessary tonnage that will allow them in a second year to keep the prices in Spain at these levels from the beginning of 2025.

Tunisia's agriculture ministry expects olive oil production to rise about 55% this season, boosting both the country's green gold exports and replenishing government finances, Reuters reported. “After a significant decline over the past two seasons, production this season has returned to normal levels to 340,000 tons,” said Dorsaf Ben Ahmed, an agriculture ministry official. Last