Almost 90% of olive oil 2024/25 has already been produced in the EU

Olive oil production in the European Union is already 89.6% of the estimates forecast by the European Commission for the 2024/25 marketing year. In figures, it totalled 2,082,950 tonnes, compared to 1,866,559 tonnes produced up to 31 January, according to data from Brussels.

More than 66% of the total volume produced up to the end of January corresponds to Spain, with 1,234,568 tonnes, which has revised its estimate upwards to 1.38 million tonnes, 66.35% of the Community total, followed by Italy, which has almost covered its estimated quota, with 241,839 tonnes out of the 243,500 tonnes forecast, almost 13% of the total, and in third place Greece, with 184,500 tonnes, almost 10% of the total, but still far from the estimated 250,000 tonnes of olive oil.

Portugal has obtained 195,000 tonnes, surpassing, for the moment, Greek production, with 10.4% of the total and which was the quota foreseen for the whole campaign; France, the same, with 6,302 tonnes; Cyprus, 3,800 tonnes; Croatia, 3,700 tonnes and Slovenia, 650 tonnes.

Last January, the EU produced 433,889 tonnes of olive oil, well down on the 792,618 tonnes in December and 514,618 tonnes in November. Of this volume, 79.4% of the total was produced in Spain, with 344,530 tonnes, followed by 65,000 tonnes in Greece, 12,870 tonnes in Portugal and 11,489 tonnes in Italy.

Last January, the EU produced 433,889 tonnes of olive oil, well below the 792,618 tonnes produced in December and 514,618 tonnes in November. Of this volume, 79.4% of the total was produced in Spain, with 344,530 tonnes, followed by 65,000 tonnes in Greece, 12,870 tonnes in Portugal and 11,489 tonnes in Italy.

As for olive oil consumption in these main producing countries, the EC estimates almost 1.24 million tonnes, of which 495,000 tonnes correspond to Spain, practically 40% of the total, followed by Italy, with 400,000 tonnes, 32.3% of the total; France, with 130,000 tonnes; Greece, with 110,000 tonnes; Portugal, with 88,500 tonnes; Croatia, with 8,000 tonnes; Cyprus, with 3,700 tonnes; Slovenia, with 2,700 tonnes and Malta, with 1,100 tonnes.

The EC forecasts final stocks at 30 September in the EU of just 367,000 tonnes, of which 295,389 tonnes, 80.5% of the total, would be in Spain; 70,000 tonnes would barely remain in Italy and 1,620 tonnes in France.