The agrarian organization Asaja Cordoba reported yesterday that “olive oil production in the province last October was 5,372 tons, 1,000 more than last year on the same date, according to data from the Information Agency and Food Control (AICA). ”, and so far it is estimated that “around 8 to 10% of the total has been collected”, hoping that the campaign becomes widespread throughout this month of November.
Asaja highlighted in a statement that, therefore, “with the rains of recent weeks, the estimate of the Junta de Andalucía for Córdoba could be reached, reaching 271,000 tons of oil78.7% more than last season’s final production, and 28.1% more than the average of the last five campaigns. However, as he clarified, “these are all estimates depending on the weather between now and the end of the harvest.”
As for yields, “in irrigated lands they are average, although in some arid lands the yields are not good due to the water stress they experienced during the month of September. In addition, there are also olives falling to the ground due to falling water these days.
Nationally, production in October was 35,989.31 tonnes, slightly down from this month last year, when it reached 38,638 tonnes. Departures were 103,280 tonnes, while total stocks are 138,267 tonnes and last year at this time they were 216,026.
Oil estimate Spain is higher than last year, according to the Department of Agricultureand it is 1,262,000 tons, “but it will still be lower than the average of the previous five years, in which there was no drought, that is to say, eliminating the last two, said average is 1,400,000 tonnes As for the link, it is the shortest in the last historical series, being below 190,000 tonnes.
Global
However, the agricultural organization clarified that “the campaign must be analyzed on a global scale, taking into account that 95% of olive oil is produced in nine countries and, according to different estimates, it must be considered that, last week, production in Greece will be down due to drought and there are even farmers’ associations in this country who are asking for help from European Union due to the loss of 100% of the harvest in some areas.
In Italy and Morocco, production is expected to be lower and in the rest of the countries higher, “which would lead to global production estimates of around 2.8 to three million tonnes, which, if compared with the 23/24 campaign, when 2.51 million tons were produced, this means that this year’s increase in the availability of olive oil will be 10 to 20% higher than last year.
