Price at source for Spanish oil in March were 20% higher than the previous year; In Italy, 73%

Oil prices in Spain in recent weeks continue to increase steadily, although they have slightly declined in the last week, ending at the end of March 2017 at € 3.84 / kg, a + 20% increase over the same period Year, as reported by the IOC (International Olive Council) in its last bulletin. If we compare this price with the maximum value of the third week of August 2015 (4.23 € / kg) has a decrease of -9%.

In Italy, and according to the same source, the prices at the beginning of the oil from mid-August begin an upward trend that has not stopped ceasing and that in mid-February 2017 broke the barrier of 6 euros / kg to the end March 2017 (€ 6.14 / kg), representing an increase of + 73% compared to the same period last year. Leer más Sobre Price at source for Spanish oil in March were 20% higher than the previous year; In Italy, 73%

The decline in world production places Spain as a reservoir of olive oil and will keep prices stable

Spain will return to the 2016/2017 olive-growing season as the world’s olive oil deposit by offering more than half of the production of all producing countries, estimated at around 2.5 million tonnes, according to sources of the sector, which recognize that this situation will keep current prices stable.

Spain, with a little less than 1.3 million tonnes of olive oil (1,270,000 until the end of March), will supply a large part of world demand, as there have been notable decreases in production in the main countries of the Mediterranean basin, in Italy, Greece, Portugal, Tunisia or Morocco, among others.

EVEN IF NATIONAL PRODUCTION WILL FALL ABOUT 9%, IN THE REST OF THE WORLD THE DECREASE WILL BE OF 20%

Spain will produce about 9 percent less than the previous one, in which it obtained 1.401.000 tons of olive oil, while world production will decrease by more than 600,000 tons, a decrease that is quantified in the orbit of 20 percent. Leer más Sobre The decline in world production places Spain as a reservoir of olive oil and will keep prices stable

Bio products gain ground in the shopping cart

Booming. Although the area to grow organic products declined last year, consumption, number of industries and operators in Andalusia increased.

Andalusia has an enormous potential in organic production. It is the leading producer in Europe. Half of the surface with this label in Spain is Andalusian. And, in addition, the sector is in luck because the consumer, finally, looks for bio products for the shopping cart even though they are more expensive than the conventional ones. And not just outside of Spain. Leer más Sobre Bio products gain ground in the shopping cart