15 Nov World Olive Oil Production Predicted to Top 3.2 Million Tons
And world consumption is likely to stay at about 3 million tons, the IOC says, despite its latest figures showing a fall in exports to the United States, Canada, China and Australia.
IOC tips production of 1.5 million tons in Spain, 500,000 in Italy, and 230,000 in Greece
The IOC last month made a provisional production forecast of 3 million tons but said in its October newsletter, just published, that in light of new data received, world production in 2013/14 “looks set to top 3.2 million tons.”
“Although we are still working with forecasts, this increase is becoming more tangible since the 2013/14 season, running from October 2013 to September 2014, is now in swing in most of the producing countries except those in the southern hemisphere,” it said.
The E.U. is expected to provide 2.3 million tons of global output, with Spain alone tipped to deliver 1.5 million, Italy 500,000, and Greece 230,000 tons.
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