European Union: EU Olive Oil Production Update 2024

  |   Attaché Report (GAIN)   |   PO2024-0004
After two consecutive years of short olive oil production, MY 2024/25 olive oil output in the EU is expected to revert to average levels on good flowering conditions and a mild summer. Fall precipitation will be critical to final production volumes. The production recovery may permit the EU to become more active in export markets, rebuild decimated stocks, and increase domestic consumption.

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