이탈리아 올리브유 인사이트

Olimerca.- After collecting official data from producing countries and estimates from its Executive Secretariat, the International Olive Council (IOC) expects world olive oil production for the 2024/25 campaign to reach 3,375,500 tonnes, an increase of 32% compared to the previous campaign. In addition, imports and exports are expected to exceed 1.2 million tonnes. Most of this production, i.e. 3,193,000 tonnes and 95% of the world total, comes from IOC member countries, which represents an increase of 33% compared to the previous campaign. EU producing countries as a whole expect a production of 1,973,000 tonnes, which represents an increase of 29%. The rest of the IOC member countries should produce a total of 1,220,000 tonnes (+ 40%). In the case of Spain, as we can see in the table below, there is an estimated production of 1,290,000 tons, which would represent an increase of 51% compared to the previous campaign.

Evolution of average prices According to the latest statistics (“dashboard”) from the EC for last November, the average prices of the three main categories have clearly been oriented downwards in the markets of Spain, Greece and Italy.

Olimerca.- The future profitability of the EU olive oil sector depends on the successful transformation of production systems, i.e. from extensive plantations to intensive and highly mechanised plantations. This is revealed by the Report on medium-term prospects for agricultural markets and agricultural income in the European Union until 2035.