Covid-19: Italian olive oil production is not at risk

Apr 03, 2020 221

In 2019, total imports of olive oil and pomace exceeded 600 thousand tons (+9.5%) in Italy. The purchases’ value decreased by 1.4 billion euros (-13%), due to the global prices reduction. Exports grew slightly in volume (+1%,339 thousand tons) for a value of 1.37 billion euros (-8.5%).

During 2019/20 campaign, Italian production was more generous than expected even if this is not enough to define it as abundant. ISMEA estimates a production of 365 thousand tons, more than double compared to the previous year (175 thousand tons). 

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SOURCE: https://news.italianfood.net/

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