The olive oil campaign closes in Spain with a figure equal to last year

The olive oil production campaign closes in Spain with 1,246,204 tons, a figure very similar to that of the previous year. In Jaen, the drop in oil produced was greater, by approximately 23%, with 386,434 tons compared to 505,000 tons last season. The outputs to the market last month are around 110,000 tons, while the monthly average marketing is 105,000 tons. The oil stocks are 912,000 tons, an amount with which, according to ASAJA-Jaén, there will be enough product to supply the market.

The 2017-2018 olive oil production campaign in Spain has been practically the same as last year. According to data from the AICA (Information and Food Control Agency) to which ASAJA-Jaén has had access, as of April 30, 1,246,204 tons of oil had been obtained in our country, 35,000 tons less than production. of the previous campaign. The decrease has been most notable in the province of Jaén, where until the end of April 386,434 tons had been recorded, 23% less than in the previous season (118,566 tons less).

The outputs to the market during the last month will be around 110,000 tons (depending on imports), a good figure and that is somewhat higher than the rhythm of annual departures. The average number of departures in these seven months of the campaign is 105,000 tons. Currently, the availability of olive oil in Spain is 912,000 tons. In the case that the average outlets are kept at the current rate, we would have an approximate link of about 400,000 tons of oil at the end of the campaign.

Luis Carlos Valero, manager and spokesman of ASAJA-Jaén, believes that with these figures there will be no problems to supply the markets. The manager and spokesperson, however, trusts that the market continues to absorb all the oil produced, as has happened in previous campaigns. With regard to Jaén, it indicates that 213,110 tonnes have already been marketed, while another 265,670 tonnes remain to be sold in the remaining five months of the campaign.