Revision of olive oil balance

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Four months after the initial estimations of olivenewsgr First estimations for the 2018/19 production we revisit this issue with the new scenery of the biggest countries in the Mediterranean, which cover around 85 of global production

We donrsquot really notice great differences overall besides Greece, where the diverce climatic conditions climatic changes show their teeth As a result, we are going to have to lower the bar of the anticipated crop quantity for 2018/19 Meanwhile the messages confirm that after last yearrsquos 2017/18 excellent greek qualities, this year the problems are many high acidity, poor organoleptic either due to olive fruit fly, either/ or due to mycological diseases gloeosporium

Therefore, the new map of the projected olive oil production is the following

Projections olivenewsgr
nbsp November 24th, 2018 July 24th, 2018 Modification
Spain 1650000 1550000 +100000
Greece 180000 240000 -60000
Italy 190000 190000 zero
Turkey 200000 220000 -20000
Tunisia 160000 160000 zero
Morocco 110000 110000 zero
Syria 120000 100000 +20000
Portugal 105000 90000 +15000
Total 2715000 2660000 +55000
+2,07