World production of olive oil in 2016/17 is expected to fall around 7% to total 2,918,000 tonnes compared with 2015/16, according to International Olive Council (IOC) figures released in its September newsletter.
Consumption for 2016/17 is forecast at 2,948,000 tonnes, 0.5% lower than the previous year, with imports and exports projected at 792,000 tonnes and 788,000 tonnes respectively.
Production of IOC member countries – which accounted for 93% of global production – was expected to fall 8% to 2,723,500 tonnes.
Production of EU member countries was estimated at 2,098,500 tonnes, with Spain taking the lead with up to 1,380,000 tonnes, which is slightly down on 2015/16 (-1%), followed by Italy with 330,000 tonnes (-30%), Greece with 260,000 tonnes (-19%) and Portugal with 110,000 tonnes (+1%).
“The estimated production in the rest of IOC member countries stands at a total of 625,000 tonnes, which is 17,500 tonnes less (-3%) than the previous crop year,” the IOC said.
“Within this group of countries, Turkey’s production is set to increase with an estimated 177,000 tonnes (+24%) but production will be lower in Tunisia, with a predicted harvest of 100,000 tonnes (-29%), Algeria with 74,000 tonnes (-11%), and Jordan with 23,000 tonnes (-22%).”
The IOC said consumption in its member countries would be approximately 2,147,000 tonnes, a slight decrease compared with the previous year (-1%), while non-member countries were expected to maintain similar production and consumption levels to the previous crop year.
Imports of olive oil and olive pomace oil in the first 10 months of 2015/16 (October 2015-July 2016) showed an increase of 11% in China, 10% in Australia, 2% in the USA and 1% in Canada, but fell 31% in Brazil, 9% in Japan and 1% in Russia.