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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.

“It is imperative to act quickly to preserve the integrity and quality of this iconic product, guaranteeing its future in an increasingly competitive global market”, are the words of Fernando do Rosário.

Olivum (Association of Olive Growers and Oil Mills of Portugal) estimates that the 2024-2025 olive growing campaign could become the second largest olive oil production of all time. According to Olivum's forecasts, national production could reach between 170,000 and 180,000 tons of olive oil this year, exceeding the 150,000 tons recorded in the previous campaign by more than 10%. Olivum's associated mills anticipate obtaining around 830 million kilos of olives, which could lead to around 125 thousand tons of olive oil. This value represents an increase of around 12% – in line with the national record – and consolidates the relevance of these mills for the sector in Portugal, explains the press release. “This evolution is a reflection of the new olive grove plantings, but also of the commitment of our associates – and the sector as a whole – to adopt innovative and sustainable practices that allow us to guarantee not only the quantity, but also the quality that is already characteristic of