The International Olive Council (IOC) discusses worldwide olive oil production and consumption trends.
The Greek Ministry of Agriculture and Food has notified regional and local authorities about the outbreak in Spain, and vigilance is necessary in Greece.
Following a discussion of historical and current olive and olive oil production in Jordan, the newsletter continues to a discussion of olive oil and olive imports into selected countries from September or October to January and concludes with a summary of olive oil producer price trends in major producing countries. Extra virgin olive oil producer prices decreased in Spain and Greece over the last few weeks and remained stable in Italy, with prices in all three countries (especially Italy) lower than during the same period last year.
The story of the Pierrakos family, Greek immigrants to the USA who dedicated themselves to producing and bottling high quality 100% Greek extra virgin olive oil before many Greeks had started doing that.
The International Olive Council’s February Market Newsletter opens with a spotlight on the Japanese olive oil market, noting growth in its import market since 1991 and in consumption since 1997 and discussing Japanese olive oil production, imports, consumption, knowledge, and interest in quality. (Only 1% of the olive oil imported into Japan comes from Greece.) The newsletter then turns to worldwide trade in olive oil and table olives, noting slight increases and larger decreases in imports of olive oil and olive pomace oil from October to December 2017 in several key countries, and a 40% increase in imports into the EU, especially from Tunisia, Argentina, and Morocco. Table olive imports also fell in several countries. Recently, producer prices for olive oil decreased slightly in Spain, Italy, Greece, and Tunisia, with the first three countries’ prices all lower than a year ago (especially Italy’s).
This is a summary of an in-depth study of olive oil in the American market. The study was drafted by the Greek Embassy's Office of Economic and Commercial Affairs.
As Isabel Putinja write for Olive Oil Times, "Makri is an indigenous Greek olive variety cultivated in Alexandroupoli in northeastern Greece close to the border with Turkey, a region located in the western part of the geographical and historical region known as Thrace. An application was submitted to the European Commission on January 11 to include the Greek olive variety “Elaiolado Makris” (also often called “Makri”) on the EU’s list of food products with Protected Designation of Origin (PDO) status."
As Costas Vasilopoulos writes for Olive Oil Times, Xylella fastidiosa has not been detected in Greece, and the government is determined to keep it out.
The International Olive Council’s (IOC’s) Market Newsletter for January opens with a reference to the IOC’s Olive Oil Promise promotional campaign, which was launched in the USA last month at a scientific conference at the University of California at Davis that focused on olive oil’s health benefits. (A link is provided with abstracts of the papers presented there.) The newsletter discusses and graphs the growth in imports of olive oil over the last 25 years in the USA, the world’s leading importer of olive oil. Increasing imports of bulk olive oil in the USA are noted and graphed, with most coming from Spain. Graphs also indicate the amounts of different types of olive oil imported into the USA in recent years, with extra virgin leading. The newsletter then summarizes key points about world trade in olive oil and table olives, noting a decrease in olive oil imports in several major markets (especially China) in October and November. Extra virgin olive oil producer prices have changed slightly in Spain and Greece but decreased 29% in Italy and 12% in Tunisia compared to last year.
The co-writers of the "Olive Encyclopedia: The olive oil" announced on January 23rd the establishment of the "Olive Encyclopedists Society," starting with 29 distinguished scientists interested in interdisciplinary collaboration focused on olives and olive oil. The society supports cooperation among academics, the olive oil industry, and olive growers to foster innovation. Other scientists who share these goals will be invited to join the society later, as well.
This newsletter discusses the growing worldwide production and consumption of table olives, which was noteworthy, for example, in Greece, which is also increasing table olive production this year by 31% compared to last year. It also mentioned the health benefits of olives and olive oil sales in the previous crop year. The newsletter concluded with an overview of olive oil producer price trends in the main producing countries through the end of December, with prices stable in Spain, falling in Italy and Tunisia, and falling, then stable, in Greece.
As Olive Oil Times reports, "Greece seeks to analyze the genome of olives to safekeep its cultivars and make better products."
An overview of a very funny series of Greek-language videos about strong rivalries among olive oil producers in different parts of Greece, poking fun at regional stereotypes while emphasizing each area's pride in its own olive oil and great care to produce an excellent product. The videos are here, but there are not yet any English captions.
Research under way in Crete, Greece and with various partners around the world seeks to collect samples to save in order to preserve genetic variety, "to increase sustainability and olive oil quality...and to face existing and new problems," including those related to climate change.
Coming to Greek restaurant tables in the new year: sealed bottles of high quality Greek olive oil!
Data adopted at the 106th session of the International Olive Council (Madrid ,Spain), 21-24 November 2017, on olive oil production, imports, consumption, and exports for the crop years from 2015/16 to 2017/18, the latter an estimate.
In its Market Newsletter for November 2017, the International Olive Council discussed world olive oil production figures for the 2016/17 and 2017/18 crop years, with Greece's 195,000 metric tons in 2nd place behind Spain worldwide in the earlier period. “The latest official national estimates” call for a 14% increase in world olive oil production for 2017/18, with Spain expected to produce 1,090,500 metric tons, Italy 320,000, and Greece 300,000. Notable increases in consumption were reported in Brazil, China, and Australia for 2016/17. World trade and producer prices are also covered in the newsletter; producer prices have fallen in all the major producing countries in recent weeks.
In September, the two Greek olive oil packers’ associations, SEVITEL and ESVITE, officially merged into one under SEVITEL, the Association of Greek Industries and Packers of Olive Oil, following a unanimous decision by the general assemblies of the members of both organizations.
"While Mykonos, Santorini, and the other small islands of the Cyclades in the Aegean Sea are famous to vacationers, they also make olive oil the locals are proud of."
This article actually says more about the state of the Greek olive oil market than the conference, and hence will be of general interest to Anglophones as well as Greeks.
