Title: Olive Oil Exports Boom Out of Spain, Producing 40% of Global Supply in Andalucía Alone
Headings: Spain’s Olive Oil Industry Export Turnover Exceeds 2 Billion Euros
Spain’s Olive Oil Industry Export Turnover Exceeds 2 Billion Euros
Katrina Pirner
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Content: This contributed to the 203 million euro turnover earned by pomace oil exports between October and May. Part of pomace oil’s appeal may be attributed to its affordability. The product is enriched with 5 percent extra virgin olive oil but is cheaper than other olive oil varieties. It’s also comparatively low in polysaturated fats, making it a more nutritious cooking alternative to other vegetable oils. Although the data published by the Ministry of Agriculture, Fisheries and Food confirmed that olive oil exports are above the historic average, the overall data is weaker than previous export periods. Of particular concern is the 42 percent decline in olive oil exports to Italy. Demand also dropped by 24 percent in the US and 8 percent in Japan. According to 2016 statistics, the per capita consumption of olive oil in Spain was highest in Galacia, Asturias, Cantabria, and La Roija, all regions in which the average consumption surpassed 10 litres per person annually. Copyright: Tono Balaguer/Shutterstock.com
One reason for this may be the glut of olive oil. Producers in Tunisia, Morocco and Turkey have expanded production.