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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.

The Brazilian Ministry of Agriculture and Livestock announced that it had obtained a license from Rabat to export Brazilian olive oil to the Moroccan market, noting that "this license is in addition to another license obtained last September, to export dried distillation grains (DDG or DDGS) from Brazil to Morocco." The same source stated that Morocco was, during the past year, the third main destination for Brazilian agricultural exports to the African continent, with a value of approximately 1.23 billion US dollars. During the period from January to September of this year, the value of these exports exceeded 900 million dollars. The Brazilian Ministry of Agriculture and Livestock explained that the opening of Moroccan markets to Brazilian olive oil was achieved thanks to the joint work between the Ministries of Agriculture and Foreign Affairs in the two countries. In this regard, some agricultural experts believe that "Morocco's opening of its markets to Brazilian olive oil products has a diplomatic dimension more than an economic one, as the Kingdom has opened up significantly to this American country in recent years, and has allowed the import of several products, such as meat, livestock and legumes." The news pointed out

With this new authorization, Brazilian agribusiness reaches its 193rd market opening this year, totaling 271 openings in 61 destinations since the beginning of 2023