Drought begins to worry: Agrarian sector lowers oil production expectations due to drought

Cooperatives and agrarian organizations are concerned about the lack of rainfall on the main producing areas of the country, which is weakening the drylands and will affect oil harvest expectations.

Rafael Sánchez de Puerta, president of the sector of oil of agricultural cooperatives, has acknowledged to Efeagro that Leer más Sobre Drought begins to worry: Agrarian sector lowers oil production expectations due to drought

The extra virgin price in Spain is already 22% higher than a year ago in August

The International Olive Council notes in its latest bulletin an average price in Spain for Extra Virgin Olive Oil at origin last August of € 3.81 / kg, with a certain trend towards stability in recent weeks.

This is 22% higher than the August 2016 price, although 10% lower than the peak of the third week of August 2015. The market in Spain maintains levels similar to those of Greece, which have rebounded in the most recent weeks to stand at 3.78 € / kg. Leer más Sobre The extra virgin price in Spain is already 22% higher than a year ago in August

The bad initial forecasts leave a harvest of olive oil with reserved forecast

The olive sector is holding a harvest of olive oil with a forecast reserved for the next 2017/2018 season, which will start from next October with the harvesting of the early harvest and with the subsequent collection of the olive that will be generalized in mid-November .

All the forecasts that have been published so far coincide in indicating that there will be a medium-low harvest with an olive oil production for the next season that will be inferior to the current one, because it will be below the same, in which Almost 1,283,000 tonnes have been obtained in Spain. Leer más Sobre The bad initial forecasts leave a harvest of olive oil with reserved forecast

The forecast of greater olive oil harvests for the 2017-18 campaign will reduce market tensions

Olive oil prices remain high, although everything indicates that, if it is confirmed that the harvests of the next 2017-2018 season will be higher than the current one, market tensions will be reduced.

At the last meeting of the Consultative Council of the International Olive Council (IOC), which brought together representatives of producers, Leer más Sobre The forecast of greater olive oil harvests for the 2017-18 campaign will reduce market tensions

Palm oil, war is declared. Let’s see the role that Spain plays

We have declared war on palm oil. It is in the sights of politicians, supermarket chains, ecologists, nutritionists, doctors … and society in general.

Reasons are not lacking. Its composition, rich in saturated fatty acids, is just the opposite of what is considered a ‘healthy ingredient’. However, it is the most used fat globally. And its consumption grows and grows. Already found in 50% of the products we consume.

Now that we are aware of the problem, it becomes necessary to face the enemy. It is time for a leader to take the lead in this social trend and direct the right strategy, using as weapons the exaltation of the healthy diet as the only way for humanity to live healthier for longer.

And it is precisely our country that should collect the witness of this leadership. Reasons we have left. Spain is the world’s largest producer and exporter of olive oil. Today, the most healthy fat. Every day we are witnessing the discovery of a benefit contributed by the consumption of this oil for health (prevention of various types of cancer, cholesterol, obesity, coronary, cardiovascular, degenerative diseases and a long etcetera). Leer más Sobre Palm oil, war is declared. Let’s see the role that Spain plays

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