First Estimates for 2019/2020 World Olive Oil Production Released in Spain
The first global provisional figures for the 2019/20 olive oil harvesting season surfaced in Spain, indicating that Spanish production will be slightly reduced, but improved figures are expected in other producing countries that faced serious problems the previous year.
Portugal’s yield is estimated at 130,000 tons for next year, whereas a record production is projected for Tunisia with 350,000 tons. The rest of the Mediterranean producers are expected to chip in another 400,000 tons of olive oil, and the rest of the world 70,000 tons overall.
The total global yield of olive oil for the 2019/2020 season is estimated to reach 3.67 million tons, compared to 3.13 million tons previously.