Olive Oil World Production will increase by 12% in 2017/18

According to the official data provided by the International Olive Council, Olive Oil World Production in 2017/18 is estimated at around 2.854.000 tons. This would be an increase of approximately 12% compared to the previous year. The International Olive Council member countries as a whole estimate a production of 2.677.000 tons, which would be 94% of the total worldwide for the 2017/18 crop year, and which would be a 14% year-on-year increase. Forecast for European Union Producing Member Countries The forecast for EU producing member countries indicates an output of 1.896.000 tons with: Spain in the lead with up to 1.150.000 t, 10% lower than the previous year, Followed by…