April has meant an important gap in the trend of strong growth that in the previous six months have been experiencing the market outflow of olive oil. Thus olive oil sales in this month have fallen by 30%, as confirmed by the packers and exporters of olive oil from Spain, (ANIERAC and ASOLIVA), with data made public by the Food Information and Control Agency (AICA).
According to the latest provisional data published by AICA, the outputs in April were only 100,300 tonnes compared to a monthly average in this campaign, which stood at 130,000 tonnes. This sales figure means a 30% drop in oil sales compared to the previous month. In this scenario, both ANIERAC and ASOLIVA believe that there is enough oil to link with the next campaign.
As both Associations point out, a migration to cheaper fats has begun to take place in practically most markets
Containers and Exporters
ANIERAC (National Association of Containers and Refiners of Edible Oils) started in 1963 and has 64 associates. Among them are the most representative packaging companies in the Spanish market, both by volume of business and their special relevance at national, provincial or local level. ANIERAC companies represent 81% of the national market for edible vegetable oils (65% of olive oils and 98% of other vegetable oils).
ASOLIVA (Spanish Association of the Industry and Trade Exporter of Olive Oil) has been operating under this name since 1985, although it has been operating since 1928 under different names. It has 50 exporting companies that represent between 90% and 95% of the national exportation of bottled oil and between 40% and 45% of bulk export, according to campaigns.
Source: ANIERAC and ASOLIVA