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Olive Oil Sales Continue to Surge in Spain

The latest data from Spain’s Ministry of Agriculture, Fisheries and Food show that olive oil sales by both volume and prices continue to rise in the 2019/20 crop year, confirming a growing trend.
Olive oil sales have reached 872,900 tons so far, 17 percent above the average sales of the last four seasons and eight percent above the previous year.
Additionally, average monthly sales have exceeded 145,000 tons, a record, according to the ministry, and a sign of a continuing rebound for the sector. ....

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Despite Tariffs, Spanish Olive Oil Exports to U.S. Rose to Begin Fiscal Year

Spanish olive oil exports to the United States rose unexpectedly in the first quarter of the 2020/21 fiscal year, which runs from October 2020 to January 2021.
The increase in exports from the world’s largest producer to the third-largest consumer came despite the 25-percent tariff imposed by the U.S. on packaged Spanish olive oil imports, which was still in force at the time and only temporarily suspended on March 5.
According to data from the Spanish Ministry of Agriculture, Fisheries and Food, more than 54,000 tons of olive oil were shipped to the U.S. from October to January. ....

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Producers Puzzled by Turkish Ban on Bulk Olive Oil Exports

Producers Puzzled by Turkish Ban on Bulk Olive Oil Exports
In a season where 220,000 tons were produced, Turkey has stopped bulk olive oil exports until the end of next October.
Apr. 22, 2021
Exports of olive oil in bulk have been put on hold in Turkey.
After a request from the country’s Ministry of Agriculture and Forestry, the Ministry of Commerce imposed a ban on olive oil exports in bulk effective until October 31, 2021, on the grounds of the uncertainty caused by the Covid-19 pandemic and fears of inflation in the country’s economy.
Approximately 55 percent of our exports are in bulk. Under these conditions, we do not see the ban on the export of bulk olive oil as the right move. ....

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